Lesson Notes By Weeks and Term - Senior Secondary School 3

Term: 1^st Term

Week: 9

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:    Commerce

Topic:-      Government regulation of businesses

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

1. Discuss the methods through which government regulates businesses
2. Give reasons why government regulates businesses

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION	TEACHER’S ACTIVITY	STUDENT’S ACTIVITY
STEP 1 INTRODUCTION	The teacher reviews the previous lesson on contract of employment	Students pay attention
STEP 2 EXPLANATION	She discusses methods through which government regulates businesses	Students pay attention and participates
STEP 3 DEMONSTRATION	She describes reasons why government regulates businesses	Students pay attention and participate
STEP 4 NOTE TAKING	The teacher writes a summarized note on the board	The students copy the note in their books

 

NOTE

GOVERNMENT REGULATION OF BUSINESSES

1. Patent rights: This right is granted to an inventor for his invention over a

stipulated period of time to avoid fakes or imitation

2. publication of accounts: Public Liability Companies(Plc) are mandated to

publish their annual reports for the general public

3. Registration of businesses: It is mandated by the companies Act to

register every company under the Corporate Affairs Commission(CAC)

before the business can commence. Then they are issues with a certificate

of incorporation and certificate of trading before the organization can

commence business

4. Copyright: This is the sole right which the copyright law grants an

individual to reproduce and market an intellectual, literary, artistic or

musical work. Copyright does not last forever but it is limited to 50 years in

the case of musical works from the date of release, or 50 years in the case

of intellectual properties after the demise of the owner.

5. Trademark: A trade-mark is an identification mark registered by the

owner to distinguish his products from those of other competitions.

6. Use of standard weights and measures: Companies are mandated to

use the standard weights and measures for the products for sale

7. Ensure production of safe and healthy products
8. A tax is imposed on the profits of business enterprises
9. Establishment of regulatory bodies such as NAFDAC, SON, etc

 

REASONS FOR GOVERNMENT REGULATION OF BUSINESSES

1. For the production of safe and high quality goods
2. to generate revenue for infrastructural projects
3. to curb monopoly
4. To ensure interrupted availability of goods
5. For uniformity in commercial activities
6. To enhance economic growth and development
7. to ensure rules and regulations are complied with

 

EVALUATION:   1. Discuss methods through which government regulates businesses

2. Give reasons why government regulates businesses

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively