### Lesson Plan: Procedures for Making Payment
**Subject:** Business Studies
**Grade Level:** Junior Secondary 3
**Duration:** 60 minutes
**Topic:** Procedures for Making Payment
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#### **Objectives:**
1. To understand the different methods of making payments.
2. To learn the procedural steps involved in executing each payment method.
3. To analyze the advantages and disadvantages of various payment procedures.
4. To develop skills to correctly process payments in simulated scenarios.
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#### **Materials:**
- Whiteboard and markers
- Projector and laptop for presentations
- Handouts with diagrams of various payment procedures
- Sample payment forms (e.g., checks, bank drafts, online payment screenshots)
- Role-play activity cards
- Notebooks and pens for students
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#### **Lesson Structure:**
**1. Introduction (10 minutes)**
- Greet the students and take attendance.
- Present the learning objectives for the lesson.
- Engage students with a question: "What are some ways we make payments in our daily lives?"
- Briefly review the importance of understanding payment procedures in business.
**2. Direct Instruction (20 minutes)**
- **Method 1: Cash Payments**
- Explain cash payments and when they are typically used.
- Describe the procedural steps (receiving cash, providing a receipt, counting change, etc.).
- Discuss advantages (immediate transaction) and disadvantages (risk of theft).
- **Method 2: Cheque Payments**
- Explain what a cheque is and its usage.
- Demonstrate writing a cheque and the verification process.
- Discuss the importance of signature, dates, and payee details.
- Highlight the advantages (record keeping) and disadvantages (processing time).
- **Method 3: Bank Transfers**
- Explain types (same bank transfers, inter-bank transfers).
- Describe the steps (providing account number, amount, authorization).
- Explain online and mobile banking as part of this process.
- Point out advantages (immediate for same bank) and disadvantages (potential fees, security risks).
- **Method 4: Electronic Payments (Credit/Debit Card, Mobile Payments)**
- Explain different electronic payment methods.
- Provide a detailed walk-through for processing a card payment.
- Discuss security measures (PIN, OTP).
- Enumerate advantages (convenience) and disadvantages (transaction fees).
**3. Group Activity (20 minutes)**
- Divide the class into small groups.
- Provide each group with a role-play activity card detailing a business scenario where they need to make a payment.
- Each group decides on the best method of payment and processes it using the sample forms provided.
- Rotate between groups to observe and assist if needed.
**4. Class Discussion and Review (5 minutes)**
- Ask each group to briefly share their scenario and the payment method they chose, providing reasons for their choice.
- Facilitate a discussion on any difficulties faced and how they were overcome.
**5. Conclusion and Assessment (5 minutes)**
- Recap the main points covered in the lesson.
- Distribute a quick quiz focusing on the procedural steps and advantages/disadvantages of each payment method.
- Announce homework: Write a short report on a real-life payment transaction they observed, detailing the procedure and reflecting on its efficiency.
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#### **Homework:**
- Research and write a one-page report on a real-life payment transaction they observed, detailing the procedure used and their reflection on its efficiency.
### **Assessment:**
- Participation in group activity.
- Responses in the quick quiz.
- Quality and depth of the homework report.
### **Extensions:**
- For advanced students: Create a case study analysis comparing payment procedures in different countries.
- For students needing extra support: Provide additional resources and one-on-one guidance on understanding complex procedures.
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**Note:** Tailor this lesson plan as needed to fit your specific classroom environment and the resources available.