Marking guide for business studies j. S. S 1

1. 
   (a) Business studies can be defined as those basic subjects required for the effective management of business such as office practice, commerce, bookkeeping, keyboarding and computer studies.
   

1. 
   It provides opportunity for self employment.
   
2. 
   It allows consumers to make better decisions about their needs and wants.
   
3. 
   It provides opportunity for making appropriate career choices.
   
4. 
   It provides opportunity for making better investment decisions.
   
5. 
   It gives one the opportunity to know the activities which one can perform to produce goods and render services to satisfy human needs and wants.
   

Components of business studies are as follows: keyboarding, office practice, commerce, and bookkeeping.

1. 
   Office practice: this deals with the management of an office meant for business activities.
   
2. 
   Commerce: this is all activities of buying, selling and distribution and other activities that help to bring goods and services to the final consumer.
   
3. 
   Bookkeeping: this is the system of recording business and financial transactions in the book of account in a systematic and orderly manner.
   
4. 
   Typewriting and keyboarding: this deals with the art of using typewriters and computers to produce written letters in a mail able form.
   

The career opportunities are as follows: Accountant, Auditors, financial analyst, banker, procurement officers etc.

2 a. Punctuality is the quality of being prompt, exact and precise. It is the quality of getting to work on time. Regularity means coming to work as required. It is the quality of being consistent. Punctuality and regularity is the ability to keep to an arranged procedure consistently without changing. This enables an organization to function effectively.

2b. Not being regular and punctual to work can lead to the following:

1. 
   Demotion: irregularity can cause demotion in a place of work.
   
2. 
   Dismissal: a worker may be dismissed as a result of not being regular and punctual.
   
3. 
   Suspension: irregularity can lead to suspension of an employee.
   
4. 
   Deduction of income: not being punctual and regular can lead to deduction of a worker’s salary.
   

1. 
   Increase in productivity: when there is devotion to duty in an organization, it brings about an increase in the production of the organization.
   
2. 
   Increase in income as a result of productivity: devotion to duty lead an increase in the income of an organization as a result of increase in the production level.
   
3. 
   Growth and development of the organization: devotion to duty also leads to growth and development of an organization as a result of proper management efficiency and effectiveness.
   
4. 
   Reduction in wastage of resources: devotion to duty also leads to reduction in wastage of resources as things are managed efficiently to achieve result.
   

3a. Invoice: an invoice is usually prepared in triplicates. In preparing an invoice the following information must be provided:

1. 
   Quantity of goods bought.
   
2. 
   Description of goods.
   
3. 
   The price (unit and total)
   
4. 
   The name and address of the buyer and seller.
   
5. 
   Date of transaction
   
6. 
   The total amount due for the order
   
7. 
   Charges to be paid for delivery.
   
8. 
   Signature both for the seller and buyer.
   

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