Methods of managing risk
State and describe the different methods of managing risk.
Definition of risk management
Define risk and risk management
Source documents
Define source documents;
List source documents.
Sales turnover
Explain sales turnover;
Calculate the rate of sale turnover
Final accounts
Describe trading account and its purposes;
Prepare trading account ;
Calculate gross profit;
Explain the profit and loss account;
Prepare profit and loss account;
Calculate net profit;
Define the balance sheet;
Explain the items in the balance sheet;
Post items into the balance sheet;
Balance the account of a business at the end of the trading period.
Subsidiary books
State and explain the subsidiary books;
Make correct entries into the subsidiary books
Source documents
Define source documents;
List source documents.
Documentation
Explain the concepts of filling and indexing;
List filling and indexing methods
Basic business law
Define business law;
Explain sale of good act;
Explain contract;
Explain different agencies;
Explain the rights and obligations of the employer and the employee;
List and explain government regulations of business;
List and explain the government regulatory agencies
Electronic communication
Define electronic communication;
State different means of electronic communication.
Business communication
Define communication;
Explain the different types of communication;
Explain the different types of business documents.
organizational standard and culture
Define standard;
Explain organizational standard;
Define culture;
Discuss organizational culture.
Organizational policy
Define organizational policy;
Explain organizational policy
Pricing
State and explain pricing;
State and describe types of pricing.
Methods of stock control
Explain different methods of controlling stock;
Explain the different levels of control;
Explain different ways of issuing stock.
Introduction to stock control
Define stock and stock control;
State the importance of stock and stock control;
List and explain different types of stock;
List and explain different stock records.
Transportation
Define transportation;
List and explain the different means of transportation;
State the advantages and disadvantages of different means of transportation;
Explain the factors that determine the choice of transportation.
Warehouse
Identify different types of warehouse;
Describe the types of warehouses;
Explain the importance of warehousing.
Concepts of wholesaling
Define wholesaling;
Explain the functions of a wholesaler
Concept of retailing
Define retailing/retailer
Explain the functions of retailing/retailer