Topic 1: Taxation
a). Taxation
i. Define taxation
ii. Explain the purposes of taxation
iii. Mention the principle of taxation
iv. Identify types of taxation (direct and indirect)
v. Distinguish between the different systems of taxation
vi. Define progressive, proportional and regressive taxation
vii. Describe the advantages and disadvantages of Direct and indirect Tax
Topic 2: Insurance
a). Insurance
i. Define Insurance
ii. Describe the historical development of Insurance
iii. Discuss the need for insurance
iv. Define “pooling of Risk”
v. Point out the basic terms applied in insurance
vi. Mention the general principles of insurance
vii. Explain the meaning of indemnity insurable interest, utmost good faith subrogation, doctrine of proximate cause
viii. Identify types of insurance policies
ix. Explain the procedures for taking insurance
x. Show how insurance companies make profit
Topic 3: Business Units
a). Business Units
i. Explain the term business units
ii. Define the following business units: Sole trading; Partnership; Joint stock company; Public enterprise parastatals; Cooperative organization
iii. Point out how each business units is formed and organized
iv. Indicate the advantages and disadvantages of business units
v. Mention the importance of business units in commerce
Topic 4: Management And Organizations
a). Management and Organization
i. Explain the meaning and importance of management
ii. Discuss the historical evolution of management
iii. Explain the following functions of management: Planning; Organization; Staffing; Direction; Control and Coordination
b). Principles of Organization
i. Explain the Sound Policy
ii. Explain the Line of authority
iii. Explain Simple, plain and elaborate organization
iv. Explain the Unity – chain of command
v. Explain the Responsibility
vi. Explain the Equity treatment
vii. Explain the Measurement of effectiveness
viii. Explain the Span of control