SUCCESS LAVENTILLE SECONDARY SCHOOL SCHEME OF WORK

YEAR: 2015-2016
SUBJECT: Principles of Business
WEEK

One (1)

TOPIC

Intro to POB & its

terms and
concepts

Two (2)
Development of
instruments of
exchange

Three (3)

Reasons for
establishing a
business

FORM: Three

TERM: I

OBJECTIVE
Students should be able to:
1. Set ground rules for student behaviour and class
expectations.
2. Give a general idea of what POB is about
3. Explain terms and concepts related to business
(enterprise, entrepreneurship, barter, profit, loss,
trade, organisation, economy, producer, consumer,
exchange, goods, services, market, commodity,
capital, labour and specialisation)

SUGGESTED TEACHING
TECHNIQU
ES
1. Class discussions

Page 1 of 3

1. Multiple choice test

2. Note taking

1. Trace the development of instruments of

exchange from subsistence economy to money
economy (bills of exchange, credit card,
electronic transfer, tele-banking, e-commerce)

1. Class discussions

1. State reasons why an individual may want to

establish a business

1. Class discussions

2. Note taking
3. Handout

2. Lecture and notes

3. Individual presentation

Four (4)

EVALUATION/ASSESSMEN
T

1. Case study
2. Role play by groups
to highlight how
society has evolved
from a barter
economy to a
cashless economy.
1. Research assignment
on why a local (from
your area)
entrepreneur started
their business
2. Test on weeks one (1)
to three (3) topics

Six
(6)

Forms of business
organisations

Seven (7)

Economic systems

1. Describe the various forms of business

organisations and arrangements (sole trader,
partnerships, co-operatives, companies,
franchises, state corporations and nationalised
industries, local and municipal authorities,
government departments, concept of private and
public sector)

1. Differentiate among the different types of

economic systems

1. Group presentations
2. ICT-view presentation
on setting up a Sole
Trader Business.
(startups.uk.com)

1. Assessment of notes
made for the
presentations

1. Class discussions
2. Students to research
and do their own note
taking

1. True and false

questions and
crossword puzzle
2. Test on weeks four (4)
to six (6) topics

3. Lecture

Eight (8)

Stakeholders of a
business

1. Identify the stakeholders involved in business

activity (owners, employees, customers and
other members of society)

Nine (9)

The role of
stakeholders

1. Discuss the role of stakeholders involved in

business activities (employers, employees,
consumers and government)

Ten (10)

Functions of a
business

Page 2 of 3

1. Outline the functions of a business

2. Describe the role of businesses within a
community (economic, financial, social,

1. Lectures and notes

1. Case study

1. Lectures and notes

2. Creation of word wall
by students,
highlighting the
stakeholders of a
business

1. Using the entrepreneur

you researched in week
three (3) show how the
four stakeholders affect
the business

1. Class discussions
2. ICT-students to view
video on being a good

1. Using the entrepreneur

you researched in week
(3) show how the

political and ethical)

corporate citizen.
Republicbank.com

3. Lecture and notes

Eleven (11)

Revision

Twelve
(12)Fourteen
(14)

EXAMS

1. Review questions and weak areas with

students in preparation for exams. Exam tips
and study guide to be given.

Cirriculum resources: Laptops and multimedia equipment.

Submitted by:

Page 3 of 3

Mrs. Michelle Bacchus

21st September, 2013

business is satisfying
the needs of the
customers
2.Test on weeks seven (7)
to nine (9) topics
3. Complete a table
activity