FOURTH FORM

PRINCIPLES OF BUSINESS
UNIT PLAN
Year: 2023 – 2024
Semester One
September 11, 2023 to January , 2024
SECTIONS/ ASSIGNMENTS AND
TOPICS & DURATION AREAS TO BE COVERED
UNITS TESTS
The Nature of  Key Business terms. Students should be able:
 Suggested Class
Business a) appreciate key terms related to business:
 The Barter System Activities:
(enterprise, entrepreneurship, barter, profit, profit, total
- Worksheet
revenue, loss, trade, organization, economy, producer,
exercises:
consumer, exchange, goods, service, market, commodity, Multiple choice
capital, labour and specialization.) Fill-in the blanks
b) Explain the development of barter. Case study
c) Explain the advantages and disadvantages of the barter system.
d) Give a brief explanation of the subsistence economy  Graded Classwork
Assignment (HW) :
Complete structured
 The Role of Money e) Describe the role of money question on barter
[administered week
(grades due Sept. 29
2023)
 Instruments of exchange f) Identify the instruments of exchange
g) Interpret information on various instruments of payment.  Monthly Test
Topics: - Barter,
(Duration: 3 weeks) Money &
Instruments of
Exchange–
[Multiple Choice,
short answer, fill-
in-the-blanks etc.].
(Knowledge,
Comprehension,
 Application) Date:
Oct. 3-7, 2022

 Private and Public Sectors Students should be able to:  Home Work
a) Differentiate between private and public sectors - Past paper
 Forms of Business
b) Describe the various forms of business organizations and questions
Organizations arrangement.
 Suggested Class
c) Explain the types of economic systems
 Economic Systems Activities:
d) Describe the functional areas of a business.
- Group
 Functional Areas of e) Identify the stakeholders involve in business
Presentations
f) Discuss the role and functions of the stakeholders involved in
Business - Worksheet
business activities
exercises
 Role and Functions of
- Case studies
Stakeholders - YouTube videos
- Short
(Duration: 4 – 5 weeks)
answers/Fill-in-
the-blanks etc.
- Online Research

Graded Assignment
(CW):
- Group Presentation
on forms of business
organization / CXC
Past Paper Question:
1 structured
question @ 20
marks
(before Nov. 11,
2022)

 Monthly Test
Topics: -Public &
Private Sectors,
Forms of Business,
Economic Systems,
Functional Areas
 of Business & Role
& Function of
Stakeholders–
[Multiple Choice,
short
answer/structured,
fill-in-the-blanks
etc.]. (Knowledge,
Comprehension,
Application) Date:
Nov. 28-Dec. 2,
2022

 Ethical and legal issues Students should be able to: Homework:

a) Explain the ethical and legal issues in the establishment and - Case study
involved in a business
operation of a business - Past paper
- Principles that must be questions
b) Explain the principles that must be adopted in the
adopted in the establishment and operation of a business  Suggested Class
establishment of c) Explain the consequences of unethical and illegal practices in Activities:
business - Case study
business
d) Describe the careers in the field of business. - Worksheet
- Consequences of exercises
- YouTube videos
unethical and illegal
- Short answers
practices in business - Online Research
- Group Project
 Careers in the field of
business

(Duration: 1 -2 weeks)

Internal Students should be able to:

Organizational  The Function of  Suggested Class
Environment a) Describe the function of management Activities:
Management b) Outline the responsibilities of management - Past paper
 Organizational Charts c) Construct a simple organizational chart questions
d) Interpret simple organizational chart - YouTube Videos
- Short answer
- Online Games

 Essential Characteristics of Students should be able to:  Suggested Class

Activities:
a Good Leader a) Outline the characteristics of a good leader - Past paper
b) Discuss the different leadership styles questions
 Types of leadership styles
- YouTube Videos
- Short answer
(Duration:1 week) - Online Games
- Research
- Case studies

 Sources of Conflict Students should be able to:  Home Work

a) Identify potential sources of conflict within an organization - Past paper
 Strategies used to gain
b) Outline strategies used by employers and employees to gain an questions
upper hand during conflict
upper hand during periods of conflict
 Conflict resolution c) Describe strategies for the resolution of conflict within an  Suggested Class
organization Activities:
strategies
d) Establish guidelines for the conduct of good management and - Group
 Guidelines for good staff relations in the workplace Presentations
- Case studies
management and staff
- YouTube videos
relations in the workplace - Short
answers/Fill-in-
the-blanks etc.
(Duration: 2 weeks)
- Online Research

Students should be able to:  Home Work

 Strategies for motivating
- Past paper
a) Identify strategies for motivating employees in a business.
employee in a business questions
b) Evaluate the role of teamwork in the success of an
 Role of teamwork in the organization.  Suggested Class
 success of an organization c) Outline strategies for effective communication within an Activities:
organization - Group
 Strategies for effective
Presentations
communication within an - Case studies
- YouTube videos
organization.
- Short
answers/Fill-in-
(Duration: 2 weeks) the-blanks etc.
- Online Research

Semester Two
January 29th to June 2024
CLASS ACTIVITIES,
SECTIONS/ TOPICS & GRADED
AREAS TO BE COVERED
UNITS DURATION ASSIGNMENTS AND
TESTS
Section 3: Establishing  The Entrepreneur Students should be able:  Home Work
a Business  Short answer question -
a) define the terms entrepreneur and entrepreneurship
CXC Past Paper/Exam-
b) explain the functions of an entrepreneur
style question
c) identify the characteristics of the typical entrepreneur
(Textbook)
d) describe the role of entrepreneur in the decision-making
process  Suggested Class Activities:
(Duration: 1-2 e) outline the role of the entrepreneur in economic  Vox pox: Group video
weeks) development presentation)
 Short answer question
 YouTube video’s
 Reasons and steps  Online games
for the f) outline reasons why an individual may want to establish a (optional)
establishment of a business  Group Presentations:
Business g) outline the essential steps that should be taken in (i) Create a one-page
establishing a business profile on a successful
entrepreneur in Jamaica
and indicate how he/she
 contribute to nation
building.
(Duration: 1-2
(ii) Create a poster
weeks)
highlighting the
achievements of this
person as an
entrepreneur.

 Graded Classwork
Assignment:
 The Entrepreneur &
Reasons for the
establishment of a
business -*subject to
change*– (Format:
Matching, Fill-in the
Blanks, Multiple choice
questions, Short Answer
(25 marks)
(Knowledge,
Application)
Date: By March 2024

 Business Plan Students should be able:

Section 3: Establishing  Homework:
a Business (cont’d) a) identify the reasons for preparing a business plan  CXC Past Paper
b) describe the elements of a business plan question
(Duration: 1 week)
 Suggested Class Activities:
 Research and c) identify sources of information for conducting research into  Short Answer questions
feasibility study the establishment of a business  YouTube Video’s
d) discuss the significance of conducting a feasibility into the  Online research
(Duration 1-2 weeks) establishing of a business  Case study
 Fill-in-the-blanks
 Planning and  Online Games
e) explain the relationship between planning and the operation of
operations of the business (optional)
business f) identify regulatory practices instituted by governments for the  Group Presentations
establishment and conduct of different types of businesses.
(Duration: 1-2
 weeks)
 Location of a Students should be able:
 Suggested Class Activity:
business a) outline the factors that determine the location of a  Matching activity
business  Short answer question
b) explain the significance of collateral in accessing capital  YouTube Video’s
to establish a business  Group Activity: Radio
Broadcast or comic strip
presentation
(Duration: 1 week)  Homework:
 CXC Past paper question

 Monthly Test: Suggested

Topic - Establishing a
Business *subject to
change*– [Format:30
Multiple Choice Questions:
Knowledge, Application) –
May 1st -4th 2023

Section 4: Legal  Contracts Students should be able:  Home Work:

Aspects of Business  CXC Past paper questions
a) explain the concept of contract
b) identify the types of contracts
 Suggested Class Activities:
c) describe the characteristics of a simple contract
 Case studies/analysis
d) describe the characteristics of a specialty contract
 Online research
e) explain the conditions under which offer and acceptance
 Fill in the blanks
are communicated
 Short answers
f) explain ways by which contracts maybe terminated or
 Video scenarios on
discharged
contract laws etc.
g) apply the principles of a simple contract to cases
(Optional)
(Duration: 2.5-3  Group presentation
weeks)  Online games (Optional)
 Role play
 YouTube video’s

 Business Students should be able to:  Group Presentation:

 documents a) explain why documentation is necessary in business  (Scrapbook)/Project
transactions Format: give a brief
b) prepare business documents for various purposes description of various
business documents along
with samples. Prepare at
least 2-3 samples of
business document using
different software programs
(Duration: 1 week) (e.g. canvas, google docs,
google sheets etc.)

 Suggested Class Activities:

(worksheet exercise, online
research etc.)

 Insurance Students should be able:  Homework/Assignment:

 CXC Past Paper
a) evaluate the principles upon which insurance is based
Question
b) explain the various types of insurance policies
c) explain how insurance facilitates trade  Suggested Class
(Duration: 1-2
Activity:
weeks)
 Case study
 Short answer
 Online games
(optional)

 Section 5:  Factors of Students should be able:  Homework/Assignment:

Production Production  CXC Past Paper
a) identify factors in the production of goods and services
question
b) identify industries developed from natural resources of
Caribbean territories.  Suggested Class
c) differentiate between production and productivity Activities:
d) explain the importance of productivity  Short answer questions
e) explain the role of capital in production  Fill in the blanks
f) differentiate amongst the types of capital in production  Matching
 Multiple choice
questions
(Duration: 1-2
 weeks)  Online research
 Case study
 Group Presentations:
The Caribbean
industries and the
resources found in the
region.
 Graded
Assignment/Homework:
 Video presentation
showing how different
sector produces
goods/services in a
country. Each group
will research/ select a
sector and share video
presentation on the
production process (A
rubric will be used to
grade the presentation)
Submission: Written
& Oral Presentation
(Date to be announced)
 Types and levels Students should be able:  Suggested Class Activities:
of production;  Fill in the blanks
a) classify the different types and levels of production
Cottage industry  Online research etc.
b) describe the characteristics of cottage industries
and Small  Short answer question
c) outline the functions of small businesses
businesses  Matching exercise
d) discuss the advantages and disadvantages of small
 Online games
businesses
(optional)
(Duration: 1-2
weeks)  Homework/Assignment:
 Identify small
businesses in your
community and examine
the advantages and the
disadvantages.
 CXC Past Paper
 questions
 Short answer question

 Growth of a Students should be able:  Suggested Class Activity:

Business;  YouTube video’s
a) explain how a business grows internally and externally
Linkage  Group presentation on
b) outline the opportunities for and benefits of developing
Industries linkage industry and
linkage industries
how it works etc.)
c) explain the effects of growth on a business
 Short answer questions
 Fill in the blanks
 Case analysis
(Duration: 1-2 (optional)
weeks)  Homework
CXC Pass Paper questions
 Monthly Test: Topic:
Production – *subject to
change* [Format 30
Multiple Choice Questions:
Knowledge, Application]
(Date to be announced)

SUCCESS WILL BE INFLUENCED BY:

 Completion and submission of ALL assignments

 Class participation – individual and group
 Keeping up-to date with current business news
 Adequate preparation BEFORE classes
 Adequate reading in the content area

REFERENCE TEXTS:
1. Principles of Business Second Edition by Robert Dransfield; Sandrea Butcher; Jacqueline Peters-Richard & Conrad Valentine
2. Principles of business for self-study and distant learning by Caribbean Examination Council/Nelson Thornes Ltd. 2011
3. Essential Principles of Business for CSEC 4th Edition by: Dr. Alan Whitcomb (Dynamic Learning: Hodder Education)
4. Principles of Business for CSEC by Peter Simpson, Yvonne Harvey, Debra Samlal Hemlee and Janice Latty-Morrison; Publisher: Nelson Thornes
5. Handouts
READING MATERIALS AND RESOURCES:
• Newspapers
• Companies Financial Statement
• Professional Journals
• YouTube video’s
• Stock Market Report
• Magazines
• Google Suites Templates, Canvas, Padlet, Kahoot, Quizziz etc.
• Social Media Platform/Digital Media Software Packages
• Online/Internet sites e.g. CXC.org etc.

Website: Nature of Business

http://www.economist.com/node/14505519
http://wizznotes.com/pob

Website: Internal Organizational Environment

http://2012books.lardbucket.org/pdfs/an-introduction-to-organisational-communication.pdf
http://ctb.ku.edu/en/table-of-contents/leadership-ideas/leadership-stlyes/main
http://www.leadership-toolbox.com/demcratic-leadership-stylr.html
http://study.com/academy/lesson/sources-of-conflict-in-thr-workplace-task-relationship-and process-conflict.html
http://www.boundless.com/management/textbooks/boundless-management-textbook/groups-teamswork-6/managing-conflct-55/common-causes-
of-team-conlict-277-3941/

Websites: Establishing a Business

Entrepreneur.2014. Elements of a Business Plan.
http://www.entrepreneur.com/article/38308-3
https://www.entrepreneur.com/article/235903
http://smallbusiness.chron.comm/functions-business-plan-73.html
http://www.businessdictinonary.com/definition/feasibility-study.html
http://www.businessdictinonary.com/definition/collateral.html
Websites: Legal Aspect of a Business
https://www.lawteacher.net/free-law-essays/contract-law/a-simple-contract.php
http://www.youtube.com.watch?v=Gx8H4Ad8j80
http://www/slideshare.net/lakshmivinoth/principles-of-insurance-ppt
http://www.tutor2u.net/law/reference/the-elements-of-a-contract
http://www.youtube.com.watch?v=mRaOHTZSaA8
http://www.businessdictionary.com/article/538/common-legal-issues-faced-by-businesses/

Websites: Production
https://www.youtube.com/watch?v=V_ini4S3fz4
https://www.youtube.com/watch?v=zj1WWWv_roa0