Welcome great EduPodian, here is your Second Term SS2 Commerce Lesson Note excerpt.
Scheme of Work
1 – 2 Co-operative Societies
3 – 4 Public Enterprises
5 Trade Associations/Chambers of Commerce
6 Industrial Combinations.
7-10 Insurance
11 Revision
12. Examination
Week 1:
TOPIC: CO-OPERATIVE SOCIETIES
CONTENT
1. Definition
2. Principles of Co-operative Societies
3. Types of Co-operative Societies
4. Features of Co-operative societies
5. Advantages and disadvantages of Co-operative societies
6. Sources of Finance for a Co-operative society
A co-operative society is a voluntary association of persons, businessmen, traders or organization with common needs and interests. The resources of members of are pooled together to promote the economic and welfare interest of the members.
PRINCIPLES OF CO-OPERATIVE SOCIETIES
Co-operative societies are based on the following principles.
1. Open and Voluntary membership
2. Democratic management and control:
Decisions are taken by voting and each member of a co-operative society has one vote in all decisions taken by the society. In other words, voting does not depend on members shareholding
3. Distribution of… Click here to order the complete Commerce Lesson Note for SS2 second term
Week 2:
FEATURES OR CHARACTERISTICS OF CO-OPERATIVE SOCIETIES
i. Perpetual existence
ii. Minimum of two members and no maximum limit to the number of members
iii. Liability to the members is limited to the shares held
iv. Members buy shares to… Click here to order the complete second term Commerce Lesson Note for SS2
Week 3:
TOPIC: PUBLIC ENTERPRISES
CONTENT
1. Features of Public Enterprises
2. Reasons for government ownership of Public Enterprises
3. Advantages and Disadvantages of Public Enterprises
4. Sources of Capital/Finance for Public Enterprises.
PUBLIC ENTERPRISES
Public Enterprises are business organizations established, owned, managed and controlled by the government. They are also referred to as Public Corporations or Statutory Corporations.
Examples of Public Enterprises in Nigeria are PHCN, NNPC, NRC, NPA e.t.c.
METHODS OF FORMATION OF PUBLIC ENTERPRISES
1. Creation by Act of Legislature or a Decree
2. Nationalization of private industries
Nationalization is the bringing of ownership and management of private industries under the control of the government. Nationalized industries are… Click here to order the complete Lesson Note on Commerce SS2 second term
Week 4:
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Week 5:
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Week 8:
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Week 10:
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