Functions of Banks
This lesson covers the functions of the Central Bank of Nigeria, commercial banks, and specialized banks. It explains the types of bank accounts, forms of payment, and the differences between commercial and specialized banks. The origin of the Central Bank of Nigeria is also discussed.
- 03:16 “the regular banks we all know. Then we have the central bank and the highest financial institution in any country. Then we have the merchants bank, we have the savings bank, we have the development bank and we have the a...”
- 00:00 “Hello, good day and welcome to class. My name is Miss Lydia and in our commerce class today we will be treating another Aids to trade which is banking. Now by the end of this class, I expect you to be able to state the f...”
- 02:29 “goldsmiths initially, it was as the goldsmiths doing the merchants a favor. But in this stage of development of the banking system, when the merchants were now being induced with interest that is keep your money with us...”
Types of Warehouses
The lesson covers the definition of warehousing and its role in storing goods. It explains different types of warehouses, including bounded warehouses, and discusses their functions and importance in business. The advantages and disadvantages of warehousing are also listed.
- 23:17 “So, explain the meaning of a warehouse. Then, too, describe the different types of warehouses. We discussed about 45 types of warehouses. We discussed about the bonded warehouse. We talked about the state warehouse. We t...”
- 00:00 “Hello, good morning, Ms. Lydia. Welcome to class. In our commerce class study, we will be treating the topic warehousing, which falls under one of the aids to treat just as we've been discussing in our previous classes....”
- 08:34 “And he comes to Mr. B's storage facility, which is the warehouse, and pays a sum of money for a period of time to store his items. So, that is how the public warehouse operates. Now, we have the manufacturers' warehouse....”
Channels of Distribution
This lesson covers the channels through which goods move from producers to consumers. It explains the roles of wholesalers and retailers, the functions of cooperative societies and government agencies in distribution, and identifies problems in distribution along with possible improvements.
- 10:08 “following. Hawking, mobile shop retailing, street or roadside retailing, market or storeholder retailing, small store retailing, chain or multiple stores, department stores, supermarkets, mail order, discount houses and...”
- 18:17 “One, describe the channel of distribution from the producer to the final consumer. Two, state-fire function of a wholesaler to the manufacturer. Three, state-fire functions of a retailer. Four, state-fire problems of dis...”
- 02:42 “Three, advertisement, and four, warehousing. The wholesaler. Where is the wholesaler? The wholesaler is a merchant who purchases goods in large quantities from the manufacturer and sells in small quantities to the retail...”
Clerical Staff Duties and Qualities
This lesson covers the definition of clerical staff and their main duties, including handling documents and telephone calls. It also discusses the personal and job qualities required for effective clerical work.
- 03:10 “Then the fourth function is to operate some office machines. It is her duty or his duty to know how to operate those machines. Again, her function is to represent the organization in all administrative matters. She has t...”
- 02:21 “and so forth and so forth. Okay, let us now look at the functions of a clerical stuff. All right, one is collect papers or documents. The first function of a clerical staff is collection of papers or documents. It is her...”
- 00:02 “Good day, student. My name is Achusin Blessing. I am your business studies teacher. I'm here to take you on the topic clerical stuff. Let us look at this objectives first. At the end of this lesson, the students should b...”
Types of Production
This lesson defines production and explains its types, including primary, secondary, and tertiary production. It also discusses the extraction of raw materials and the transformation into finished goods.
- 10:57 “to get those goods to be consumers are either by air, by water or by road, okay? And before those goods will be able to get to the consumer, it may be stored in our warehouse, okay? Until those goods are being needed. An...”
- 17:35 “machinery, equipment. All these things are being included as capital. Then we have reward for capital as interest. The reward for capital is world interest. Right, we have the entrepreneur. The entrepreneur is the owner...”
- 11:44 “business are being reduced. We also have the transport services fed of production on environment or society. Let us see, you can equally say the importance of production in our society. One is this, it provides employmen...”
Commercial Arithmetic: Profit and Loss
This lesson covers the concepts of profit and loss in commercial arithmetic. Students will learn to identify cost price and selling price, and how to calculate profit or loss these values. The lesson also includes calculating profit or loss in percentage.
- 00:00 “Hello, my name is Oyase. Sunday. I will be taking you mathematics JSS2 class. We're looking at an interesting topic for today. The topic is transaction in the home and offices. Transaction in the home and offices, we're...”
- 00:47 “The objective is able to solve simple commercial arithmetic relating to profits, interest, discount and commission. How do you walk around commercial arithmetic relating to profits, interest, discount and commission? Tha...”
- 15:00 “Now, a loan is an amount of money you borrow. When you borrow money, they call it a loan. Boy, that you most normally pay back with interest. You pay back a loan. You take a loan. You take a loan from your bank. You take...”
Types of Occupations
The lesson covers the definition of occupation and the various types of occupations. It explains industrial, commercial, and service occupations, along with examples of each type.
- 03:51 “Banking, at least you've seen different types of banks. We have access bank, we have GTV and the rest. And advertising. The regular advertisements you see on your TV. So they help you. They help you want that particular...”
- 00:47 “The regular things you see out there, the biscuits you see out there, the chocolates you see out there, the cakes you see out there, those are goods. Services are what you experience when you go to the bank in order to e...”
- 09:58 “On that trade, we have the importance, the exporting, the wholesaling, the retailing, is to treat what helps your trade go bigger or better. And those are the advertising, the warehouses, babbing, transportation, tourism...”
Departmental Accounts
This lesson covers the definition and purpose of departmental accounts. It explains how to prepare these accounts to show the performance of different departments in a business. The lesson also discusses the advantages of using departmental accounts for comparison, error detection, and managerial as
- 11:05 “If there are up to five departments, you need to create columns for each of the five departments. Because you want to compare and contrast these departments. Now, we also look at the courage involved. What's the cost of...”
- 11:50 “the same thing for department B. The net sales, less the closing stock, will give us the gross profit for departments B. And then you now look at the expenses. And this is where I want us to pay close attention, like I s...”
- 02:30 “than the other, the commission it receives will be more than others. Therefore, it helps in monitoring the progress of each department. Five, the growth profits of each department can easily be ascertained. Now, what hap...”
Public Enterprises
This lesson covers the definition of public enterprises and their types. It explains how they are formed, the sources of their capital, and the reasons for government ownership. The advantages and disadvantages of public enterprises are also discussed.
- 07:20 “revenue. Now this revenue is plunged back into the business, that is it is put back into the business to grow the business. Now the fact that it's like I said the fact that it's not the main aim to make profit doesn't me...”
- 11:18 “corporations is sometimes meant to protect the integrity and sovereignty of a country. Now to prevent exploitation. The aim of any private investor is to maximize profit but there are some social responsibilities in whic...”
- 03:11 “in nature. And employees of public corporations are referred to as public servants. That is, the services usually provided by public corporations are so special in the aspects that they cannot be easily found elsewhere....”
Revenue Types
This lesson defines revenue and explains its three main types: total revenue, average revenue, and marginal revenue. It covers how to calculate each type and their relationships to production and sales.
- 05:10 “So, let's get the words, the solution to these words, so this interesting question won't have to the other. Look at the board, here you have what, P is on the wall, it's first on the CR, remember the formula I give to us...”
- 16:19 “Here is 24, here is 24. What do we call that? Whenever your TR is equals to your TC, what do you call that? In economics, whenever TR is equal to TC, that is all called brick-even points. What happens at brick-even point...”
- 20:42 “So this is what you need to know in the rest of the world. This is where I'm going to stop my class. But before then, I need to give you an assignment in the rest of the world of that. So you go to the 1998 question in m...”
Factors of Production
The lesson covers the concept of production and its types. It explains the factors of production, division of labor, and specialization. The advantages and disadvantages of division of labor and large scale production are also discussed.
- 00:49 “services to the final consumers for the satisfaction of human wants. Simply put, economic activities that lead to the production of goods and services that satisfy human wants. Now one critical thing to note is that okay...”
- 01:36 “haircuts, your legal advice, your medical services and all of that, things that we can't see that are rendered towards those are services. It is important to note that production is only complete when the goods or servic...”
- 33:30 “goods that is internal economies. The things that happen on the inside that brings about, what would I call it now, a shortfall to that internal, these economies. The things that happen on the outside that brings about g...”
Labour Market and Labour Force
This lesson covers the definition of the labour force and its components. It explains the concept of the labour market, including how wage rates and conditions of service are determined. The lesson also discusses the efficiency of labour in production processes.
- 05:05 “For example, we have chain processes. The product moves from here to this portion and this is done. When management is able to create that system where the production process is seamless, then we have an efficient labour...”
- 02:32 “That is the defence, the industries. And when that exchange goes on, that is what we call the labour market. Like we said in our definition, it is in the labour market that we define the wage rates, how much we are going...”
Financial Institutions Overview
This lesson defines financial institutions and lists the types of banking and non-banking financial institutions. It also explains the key differences between these institutions and their functions in the economy.
- 05:49 “investment to yield profits for the banks. The loans are usually for a short term that is the loans given out from the commercial banks are usually for a short term that is commercial banks do not give out long term loan...”
- 11:50 “of merchant banks in Nigeria today are ABC Merchant Bank, Merchant Banking Corporation, Merchant Bank of Africa, Esthetaria. Now the functions of merchant banks discounting bill of exchange loan to foreign traders that i...”
- 14:24 “industries by giving out long term loans to such industries. Examples of development banks in Nigeria are Nigeria industrial development bank NIDB. Nigeria bank for commerce and industry NBCI and Nigerian agricultural an...”
Cleaning Agents and Cosmetics Production
This lesson covers the definition and types of cleaning agents, including commercial and homemade varieties. It also discusses the preparation of homemade cleaning agents and cosmetics, along with safety and regulatory aspects related to cosmetic products.
- 20:06 “integral part of the federal ministry of industries. The function of Sun includes the following among others, what do they do? Number one, ensuring complaints with designated standards. You must follow the standard of Su...”
Introduction to Operations Research
This lesson defines operations research and explains its application in management, industry, and business. It covers the steps involved in solving problems using mathematical models and discusses different types of models used in operations research.
- 03:58 “We want to see how we can maximize or minimize linear functions. That is, we said earlier that the aim of the operational stage is to minimize costs, I mean, to minimize costs and maximize profits. So we want to use this...”
- 01:38 “The major steps involved in the application of the operational research in solving management problems are the first thing is to identify and formulate the problems at hand. That's the first thing. We first of all know t...”
- 02:25 “Then we also draw conclusions from the solution to the model. Having solved the problem, the mathematical model, then we can analyze, we can conclude that, okay, this is the exact problem we have in our company. Then the...”
Meaning and Functions of Money
The lesson covers the definition of money and its characteristics. It compares a money economy with a barter economy and identifies various types of money. The functions of money in a modern economy are also explained.
- 02:21 “what does this mean? This means that if someone has a particular commodity and is in need of another commodity, he must go in search of somebody who has the commodity that he is in need of and who also needs the commodit...”
- 00:00 “(upbeat music) - Good day, everyone. My name is Mr. Balogun Abdullah, your economic teacher. The topic for today is money. At the end of this class, you should be able to do the following. One, explain the meaning of mon...”
- 01:33 “Trade by butter may be defined as a form of trading in which goods are exchanged directly for other goods without the use of money as a medium of exchange. For example, if someone has Gary and is in need of bins, he must...”
Citizenship and Its Types
The lesson covers the definition of citizenship and the process of becoming a citizen. It explains the rights, duties, and obligations of citizens, as well as the differences between citizens and non-citizens. Types of citizenship, including citizenship by birth and descent, are also discussed.
- 16:22 “to the people, giving the people grounds to be able to reach the government, giving people across, being able to express and lay their interests or make known of their interests to the government. Now, we want to look at...”
- 17:56 “or public goods. Again, another function of the government is to protect the rights of the citizens. That is why we have the constitution that has clearly stated the rights or all the rights of the citizens of Nigeria an...”
Magnetic Fields
This lesson covers the concept of magnetic fields, including types of magnets such as bar magnets. It explains the flow of magnetic forces from the North pole to the South pole and the principles of attraction and repulsion between magnets. The lesson also touches on how to create a magnet and the c
- 29:27 “Then I will bring it back to this place and say that what, that our force, which is equal towards q, v, b, times 1, which gives us f is equal to q, v, b. Now, we can make use of this when we are not giving the angle, or...”
- 36:59 “We give us 53.6. Give us f is equal to 53.6 times 10 to the power minus 10. So, I can have it as shift this one once. Shift it once, I'll have that words. f is equal to 5.36 times teris per minus 9 new thing. That's the...”
Meaning and Types of Trade
The lesson explains the concept of trade as the buying and selling of goods. It describes the types of trade, including own trade and foreign trade, and outlines the services that facilitate trade. The role of Customs and Excise in foreign trade is also discussed.
- 11:48 “What are the aids to trade? We have different aids to trade. What are the ways where trades can be easy and where traders can facilitate and make life more better for them? One, banking. We will see these in details in o...”
- 00:00 “Good day students, I am Dr. Laura, your business studies teacher for today. Our topic is trade. For today's learning objectives, the students should be able to understand the concepts and meaning of trade, describe the f...”
- 13:21 “It costs money. So banking managers, even executives, they loan to managers, they loan to big executives in order to help them with productivity. Banks provide financial loans and aids. For example, scholarship. If a stu...”
Cost of Production
This lesson covers the concept of cost in economics, focusing on the cost of production. It explains different types of costs, such as fixed and variable costs, and discusses the factors of production that contribute to overall costs.
- 08:58 “So these are the accountants and the economist's points of view. Accountant's cycles, in terms of money costs, economic cycles, in terms of opportunity calls. Now, take note of these, in the example you may be asked, are...”
- 25:58 “okay, over changing quantity, anything marginal, the first line is always dash, you can see, here, for the first unit is dash, so you start from the second one, very easy, even without capital it or you can do this, just...”