COMMERCE SS3 FIRST TERM

IN THIS TERM, LEARNERS SHOULD LOOK OUT FOR THE FOLLOWING IN DETAIL:

WK-1. CONSUMER PROTECTION 

Meaning, need/reasons for protection. Consumer right and consumption. Instrument/agencies for consumer protection e.g rent tribunal, manufacturers association of Nigeria (SON), Professional bodies e.g KAN, ANAN, NBA, NUT etc.

WK-2. BUSINESS DOCUMENTS

 Essential business documents; letter of inquiry, quotation catalogue, order. Invoice, receipt, delivery notes, statement of account, debit note, credit note, etc Trade terms and abbreviations; meaning of trade terms – FOB, FOR, CWO, EXSHIP, COD, CIF, FAS.

WK-3. TERMS OF TRADE/SALES

 Cash, credit, or payment in arrears etc. Means of payments—legal tender e.g. coins, bank notes. Through bank e.g. cheque, western union, money gram, electronic money transfer, transfer credit card. Standing order Bank draft.

WK-4. MEANS OF PAYMENT 

Through post office, stamps, money order, postal order, promissory note.

WK-5. COMMERCIALIZATION

Meaning, reasons, advantages and disadvantages. Privatization- meaning, reasons, advantages and disadvantages. Deregulation; meaning, reasons, advantages and disadvantages. Nationalization; Meaning, reasons, advantages and disadvantages.

WK-6. CAPITAL MARKET

 Capital market; meaning. Historical development; 1946 (development loan stock first issue) 1960; Lagos stock exchange act- 1962, capital issue committee, 1979- capital issue commission. 1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act.

WK-7. STOCK EXCHANGE 

Stock Exchange; meaning and functions, importance, organizational set-up, membership of the Stock Exchange, procedure of transaction at the Stock Exchange.

WK-8. STOCK EXCHANGE 

Securities; meaning, types, shares, stocks, bonds, gilt edged and debentures. Capital market; method of raising fund, offer for sale, fund, offer for sale, offer/subscription, right issue, private placement. Speculation; meaning, speculators, bull, bear and stage.

WK-9. STOCK EXCHANGE

 Bodies that can access the capital market, public companies, government. Second tier security market, meaning, advantages to companies, advantages to the investing public. Second tier security market; operating regulation, primary and secondary market, first tier and second tier (differentiate).

WK-10. ECONOMIC GROUPING ECOWAS

Meaning, history, and member countries. Objectives Organs Achievements problems.

WK-11.NIGER BASIN COMMISSION History 

Member countries Objectives. Achievements Problems.

WK-12. LAKE CHAD BASIN COMMISSION (LCBC)

 History. Member countries Objectives West African clearing house (WACH); history, member countries, objectives..