Lesson Notes By Weeks and Term - Senior Secondary School 3

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Term: 2nd Term

Week: 9

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Marketing

Topic:-       Purchase, supplies and merchandising of goods and services IV

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

  1. Explain the meaning of fund management
  2. Discuss the objectives of fund management
  3. List the factors that influences the reasons for holding money

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 purchase, supplies and merchandizing of goods and services

Students pay attention

STEP 2

EXPLANATION

She explains the meaning of fund management

Students pay attention and participates

STEP 3

DEMONSTRATION

She discusses the objectives of fund management

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

FUND MANAGEMENT

Fund management can be defined as “the part of overall management

devoted to the effective and efficient investment, financing, application and

control of an organization’s resources(finance).

 

OBJECTIVES OF FUND MANAGEMENT

(a) Transaction motive: This refers to the company’s demand for money for

the cost incurred for the day to day running of the business otherwise

known as variable costs such as expenses on fuel and raw materials

 

(b) Precautionary motive: This connotes the money held by a business

establishment as a result of unforeseen circumstances that may occur in

the production process. Examples include money set aside for unexpected

breakdown of equipment, repair and serving.

(c) Speculative motive: This is the money held by the business

establishment which is meant for investment so as to make profits. An

example includes money held for the purpose of buying and selling.

 

FACTORS THAT INFLUENCE THE REASONS FOR HOLDING MONEY

  1. financial strength of the business
  2. Rate of inflation
  3. the expected future profit
  4. payment convention
  5. the prevailing interest rates.

EVALUATION:    1. Explain fund management

  1. Discuss the objectives of fund management
  2. What are the factors that influence the reasons for holding money?

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively