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WAEC WASSCE [SSCE] SYLLABUS FOR COMMERCE
SCHEME OF EXAMINATION:
There will be two papers, Paper I and Paper 2, both of which will constitute a composite paper to be taken at one sitting.
PAPER I: Will consist of fifty multiple choice questions to be answered in 50 minutes for 50 marks.
PAPER II: Will consist of eight essay type questions out of which candidates will be required to answer any five within 2 hours for 100 marks.
. DETAILED SYLLABUS
S/NO | CONTENTS | NOTES | |||
1. | INTRODUCTION |
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2. | OCCUPATION |
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3. | PRODUCTION |
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4. | BUSINESS UNITS |
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5. | TRADE ASSOCIATIONS | Aims and functions of
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6. | BUSINESS CAPITAL AND PROFITS |
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7. | TRADE (a) HOME TRADE | Purpose and branches of trade – Home Trade and Foreign Trade – Meaning and Differences
The main characteristics of each.
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(b) FOREIGN TRADE | i. Meaning – Types: Import, export and entreport ii Basic concept in International trade – terms of trade, balance of trade, balance of payment -favourable, unfavourable, visible and invisible items, bilateral and multilateral agreements and counter trade
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8 | PURCHASE AND SALE OF GOODS IN HOME AND FOREIGN TRADE |
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10. | FINANCE AND FINANCIAL INSTITUTIONS A. MONEY
B. BANKS
C. INSURANCE
D. CAPITAL MARKET
E. STOCK EXCHANGE (first tier)
F. COMMODITY EXCHANGE
TRANSPORT, TOURISM, COMMUNICATION and WAREHOUSING A. TRANSPORT,
B. TOURISM
C COMMUNICATION
D. WAREHOUSING | i. Meaning ii. Evolution/History iii. Forms iv. Qualities and functions.
iii. Types of Accounts: Current, Savings and Fixed Deposit Account – Their main features
ii. Types of Insurance a. life Insurance – Whole life Assurance – Endowment b. Non life Insurance – Motor vehicle – Fire – Fidelity – Burglary/Robbery/Theft – Accidents – Consequential Loss – Marine c. Types of Risk i. Insurable Risk e.g. fundamental risks – Pure risk – Particular risk
ii. Uninsurable risk – speculative risk d. Importance of Insurance to business and individual. e. Procedure for taking an Insurance Policy. f. Underwriting – meaning g. Re-insurance – Meaning and purpose i. Meaning ii. Functions iii. Methods of raising funds by companies – offer for sale, offer for subscription, rights issue, private placement, issue by tender Second tier Security market i. meaning and functions ii. Advantages to Companies/Public iii. Requirement for listing i. Meaning and functions, ii. Importance iii. Transactions on the stock exchange iv. Speculators – Meaning and Types
i. Meaning ii. Types of tradable commodities iii. Requirements for trading – Grading, Standardizing, Warehousing, Clearing system iv. Method of Trading – open outcry and electronic mechanisms v. Benefit of Commodity exchange
(vi) Computer Appreciation – meaning, – component parts, – advantages and disadvantages.
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11. | ADVERTISING |
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12 | INTRODUCTION TO MARKETING
A. MARKETING
B. Marketing Concept
C. Customer Services
D. Sales Promotion |
(i) Meaning (ii) Importance
The Marketing mix 4ps
Types – Pre and after sales services
Personal Selling Meaning Importance | |||
13. | LEGAL ASPECT OF BUSINESS
Areas of law that relate to Business
Consumer Protection | (i) Contract – Meaning – – Elements of a valid contract – Discharge of a contract (ii) Agency
(i) Meaning (ii) Need for protection
Government Legislation – food and drugs Act standard organization Act – Price Control Act – Factory, Shops and Offices Act – Product quality | |||
14. | Government policies relating to business A. Commercialsation B. Privatisation C. Deregulation |
(iii) Comparison/differences | |||
15. | INTRODUCTION TO BUSINESS MANAGEMENT | i. Meaning ii. Objectives of business iii. Meaning of Business Management iv. Functions v. Business Resources – Man, Money, Materials Opportunities/Goodwill vi. Structure of Business organizational setup Organisational chart, Departments, Functions of each, Authority, Delegation of Authority – Responsibility Span of Control Meanings vii. Business and its environment Economical – Political Competition Technological etc viii. Social responsibility of Business to the Society ix. Importance of Inter and Intra departmental communications | |||
16. | ECONOMIC GROUPINGS A. ECOWAS B NIGERBASIN . COMMISSION (NBC) C. LAKECHADBASIN COMMISSION (LCBC) D. MANO-RIVER UNION E. EUROPEAN UNION F. WEST AFRICAN CLEARING HOUSE | i. History ii. Membership iii. Objectives iv. Achievements v. Problems/Obstacles |
RECOMMENDED TEXTBOOKS
- Senior Secondary Commerce, Book One, two and three by M. O. Odedokun, P. C. Udokogu and C. O. N. Oguji.
- Basic Marketing- McCarthy Jerome, E. , William Perreault Jr.
- Marketing – G. B. Giles ( The M & E hand book services)
- Consumer Behaviour – Prof. Achumba ( University of Lagos
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