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.
- 00:00 “Hello and welcome to Class Mining with Ms. Lydia and in our Commerce class today we will be treating the topic public enterprises. Now by the end of this class I expect you to be able to explain the meaning of public ent...”
- 12:04 “satisfy the public but the main aim of the government is to satisfy the public but not to make profit nonetheless the government still makes profit from these corporations. Now the thing is that if the government gets fo...”
- 02:25 “Board of Directors. He appoints the Board of Directors to see to the day-to-day running of the business activities and public corporations. Now they are not set up to make profit. That is the main aim of public corporati...”
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.
- 07:46 “So, people who are financially capable, when people who are financially buoyant enough to build warehouses, they build warehouses for people to come and store their goods in them. And then, in turn, they pay a service ch...”
- 13:55 “It helps provide seasonal raw materials without any break for production of finished goods. Now, in this point about storing raw materials, there are some raw materials that cannot stand the test of time, that cannot be...”
- 06:59 “You know, wholesalers get their items, get finished goods from producers, now they go to the producers, buy in very huge quantity, buy in large quantity, and they store in their warehouses for retailers to command, buy....”
Public Sector Accounting Overview
This lesson covers the definition of public sector accounting and its importance. It explains the sources of government revenue and classifies expenditures into capital and recurrent. Key concepts and terms related to public sector accounting are also discussed.
- 05:31 “Also of assembly foreign investors, those that want to invest in the country, they will need the records of that particular country. How does revenue come to this government? What are the sources of revenue? And then how...”
- 00:47 “Also, students should be able to list the sources of revenue for the 3 tiers of government. What is public sector accounting? Public sector accounts is the process of recording the financial transactions involving the re...”
- 02:23 “and how such income is expanded. The public sector accounting is governed by the Constitution of the Federal Republic of Nigeria of 1979, financial control and management acts of 1958. Concepts used in government account...”
Public Sector Accounting: Revenue and Expenditure
This lesson covers sources of government revenue and explains terms related to public sector accounting. It classifies expenditures into capital and recurrent categories and provides examples for preparing statements of revenue and expenditure.
- 03:19 “something that is done regularly? No. So, it is more capital in nature. Purchase of Motoka is not something that is done regularly. So, it's a capital expenditure. Stationery is something that we do regularly. We use bai...”
- 11:29 “that we have here, which you have been given already, and you have the items of expenditure and you prepare your statements of capital and revenue expenditure. Thank you for watching. I'm Mrs. Zoe Luier. Till next time.”
- 00:00 “Hello viewers, I'm Mrs. Oyinloye and I'm to take you financial accounts. The topic we're looking at is public sector accounts part four, behavioral objectives. At the end of this lesson, Learner's will be able to differe...”
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.
- 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...”
- 10:09 “house health, still work actors, house health, still work and so on and so forth. We also have people like the judges, the educationists, ambassadors, soldiers, policemen and so on and so forth. Right? We also have peopl...”
- 09:16 “services, we can also divide them into three direct services, an environment to have commercial, direct services are those ones who give you direct service and pay for the services given to you. All right? In direct, tho...”
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.
- 18:26 “So you have your land, you have the label, you have the capital. We need coordinating elements. Those factors of production do not, they can't take initiative. They can't walk by themselves. Someone has to, one element h...”
- 19:17 “many other forms of organizations, what you have is a group of people, you could have a board of directors, you could have a board of executives, and they take on this rule of entrepreneurship or enterprise. Now the rewa...”
- 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...”
Public Opinion
This lesson defines public opinion and discusses its characteristics. It covers the agents involved in the formation of public opinion, methods of measuring it, and its importance in society.
- 09:21 “or determination of public opinion. Number one, opinion pool. This is a method of axing questions from a selected simple of people and their view. I used to represent that of the entire population. It can be done by ques...”
- 01:30 “Or are they doing good? So your opinion matter, you are free to come up with your own opinion. But a bad mood that I think we come out with our own opinion, we're not being heard. And what we're going to also look at wha...”
- 00:45 “Public opinion may be defined as a collective belief, judgments of views held by majority, of the citizen of a country about public publicity or action of the government. It is about what people think, concerning the par...”
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.
- 05:03 “deposits and other valuables from the public for safe keeping with the sole aim of making profits. And how do commercial banks make profits? They make profits by giving out loans from that deposits given to them. The dep...”
Advertising in Commerce
This lesson covers the meaning of advertising and its role in business. It explains different types of advertising, the methods used, and the various media involved. The lesson also discusses consumer protection against misleading advertisements.
- 10:25 “Now, for the advertising code usually covers public decency that is what way, like how is this method being passed across? Indecency, exploitation and superstition that is a product should not be, should not mislead cons...”
- 11:13 “Then we have an establishment of a professional group like we discussed in the previous slide. The AAPN was established in Nigeria, they are a professional body. So, they were established in Nigeria to regulate the pract...”
- 08:02 “tell you what it is used for, the features, the benefits and advantages of using such products and how to use it as well. Then it increases sales which in turn leads to higher profits. Because many more people have gotte...”
Nigerian People's Party and Great Nigerian People's Party
This lesson covers the formation of the Nigerian People's Party (NPP) and the Great Nigerian People's Party (GNPP). It explains their organizational structures, sources of finance, and performance. Key figures involved in the formation of NPP are also discussed.
- 00:50 “At the end of today's lesson, you should be able to choose the formation of Nigerian people's party NPP. You should be able to state the sources of finance for NPP. You should be able to mention the performance or achiev...”
- 05:28 “Also, they can get proceeds from the entertainment, donations, sale of public, publicity items. They sell materials like the emblems, they sell, party flag, and all that. From there, they get their source of funds. Also,...”
- 13:12 “and convention. The national working committee was charged with the responsibility of carrying out the directives of the neck proposing matters for its consideration. Now, let's also see the sources of finance for great...”
Political Parties in Nigeria: PRP and NAP
This lesson covers the formation and organizational structure of the People's Redemption Party (PRP) and the Nigeria Advanced Party (NAP). It includes information on their sources of finance, aims and objectives, and their achievements. Key figures and events related to the development of these poli
- 00:49 “you should be able to state the formation or origin of People's Redemption Party PRP. Number two, you should be able to choice organizational structure of the People's Redemption Party PRP. Again, number three, you shoul...”
- 13:26 “Let us see how this political party gets their sources. Got their sources of finance. Number one, true membership fees. Members of the political party, they pay fee, they pay levy. From there, they get their source of fi...”
- 07:05 “Another one of their aims is the equality in the distribution of wealth and job creation. This is another of the intention to see that there is the equality of distribution of wealth. That wealth was being distributed eq...”
Basic Economic Problems
This lesson covers the basic economic problems faced by society, including scarcity and resource allocation. It explains different economic systems such as capitalism, socialism, and mixed economy, and how they address these problems. The role of market forces in regulating the economy is also discu
- 18:19 “the consumers or the people in the country. So, the economy is very rigid. This plant you can't go out of what the central government has decided. The next point is planning, expenditure can be very high and wasteful. So...”
- 15:57 “Now, those resources can go into providing essential service or goods for the people instead of spending it on advertising. Advertising is just one example. There are a lot of things that we spend money on in a capitalis...”
- 20:42 “and then the private individuals also control resources and they're able to direct as well. So, we see the government and private sector playing in the mixed economy. Now, in the mixed economy, the aim is balancing centr...”
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.
- 18:33 “control the importation, exportation, manufacturing, advertisement, distribution, sales and use of food, drugs, cosmetics, medical devices, bottled water, and so on and so on. So it's not only for the cosmetic parts, eve...”
- 17:00 “We have number one, which is what most people know, which is Navdaq. And it is National Agency for Food and Drugs Administration Control. That is Navdaq. National Agency for Food and Drugs Administration Control. And we...”
- 21:52 “goods that are not safe to host just because they are being introduced to host in the fraudulent manner. Now what are the roles of drug and food administration? Number one, ensuring that equates an effective standard for...”
ECOWAS Overview
This lesson covers the meaning of the acronym ECOWAS, which stands for Economic Community of West African States. It identifies the member countries, discusses the purpose of ECOWAS, and outlines its advantages and disadvantages, along with potential solutions to its problems.
- 22:07 “There should be stronger commitment by member to echo us projects. Please, everybody should be committed so that this particular organization can be able to survive and stand. Now, we've been able to look at echo us as a...”
- 11:57 “So all that is made possible as a result of this particular organization. It promotes ports, supporting activities among members, members of Ghana, but a waffle cup and the rest things. It has been able to establish a co...”
- 04:49 “That's another reason. The second reason why this organization is formed is to pull resources together to promote developments. Nigeria should develop, Malaysia should develop another country like that. And to avoid wast...”