CAREER OPPORTUNITIES IN COMMERCE Lesson Note
This SS1 COMMERCE lesson note covers CAREER OPPORTUNITIES IN COMMERCE for First Term, Week 2.
Learning Objectives
- At the end of the lesson, students should be able to:
- Define career and career opportunities in commerce.
- Identify various career opportunities related to commerce..
- Explain the professions available to students who study commerce.
Lesson Note
A. MEANING OF CAREER
career is the occupation or profession that a person chooses and develops over a period of time as a means of earning a living and achieving personal goals.
B. MEANING OF CAREER OPPORTUNITIES IN COMMERCE
Career opportunities in commerce are the various jobs, occupations and professions that are available to people who study commerce or acquire knowledge and skills in commercial activities.
Commerce provides knowledge that can prepare students for careers in business, banking, insurance, marketing, accounting, transportation, entrepreneurship, office administration and other related areas.
C. REQUIREMENTS FOR VARIOUS CAREERS IN COMMERCE
1. Accountant
An accountant keeps and prepares financial records and provides information about the financial activities of an organisation.
Requirements include:
i. good knowledge of Mathematics and Accounting.
ii. Relevant degree or diploma in accounting or a related field.
iii. Professional accounting qualifications may be required for professional practice.
2. Banker
A banker works in a bank and performs activities such as handling customers' accounts, processing transactions and providing banking services.
Requirements include:
Relevant degree or diploma in Banking, Finance, Economics, Accounting or a related field.
3. Marketing Professional
A marketing professional helps an organisation promote and sell its products or services.
Requirements include:
Education in Marketing, Business Administration, Commerce or a related discipline.
4. Insurance Professional
An insurance professional works in areas such as underwriting, claims, risk management and insurance sales.
Requirements include:
Relevant education in Insurance, Actuarial Science, Business Administration, Economics or related fields.
5. Entrepreneur
An entrepreneur establishes and manages a business, taking responsibility for its operation and risks.
Requirements include: Knowledge of business
Students who study Commerce can pursue various professions, including:
i. Accountancy
ii. Banking and Finance
iii. Marketing
iv. Insurance
v. Business Administration
vi. Entrepreneurship
vii. Purchasing and Supply/Procurement
viii. Transport and Logistics
ix. Office Administration
x. Stockbroking and Investment Services
D. IMPORTANCE OF CAREER OPPORTUNITIES in COMMERCE
Career opportunities in commerce are important because they:
1 Help students understand the different jobs available to them.
2 Encourage students to develop relevant skills.
3 Provide opportunities for self-employment.
4 Help individuals earn a living.
5 Contribute to economic development
Evaluation
OBJECTIVE QUESTIONS
1. What is a career?
A. A temporary activity
B. An occupation or profession pursued over a period of time
C. A school subject
D. A leisure activity
2. Career opportunities in Commerce refer to ______.
A. subjects taught in schools
B. various jobs and professions related to commercial activities
C. sporting activities
D. political positions only
3. Which of the following is a career available to a student of Commerce?
A. Banking
B. Farming only
C. Fishing only
D. Hunting
4. Which of the following is an important requirement for becoming an accountant?
A. Knowledge of accounting and numerical skills
B. Swimming ability
C. Cooking skills
D. Driving alone
5. Which qualification is particularly relevant to a person who wants to pursue a career in accounting?
A. Accounting education and professional training
B. Agricultural training only
C. Sports training only
D. Musical training only
6. Which of the following is an important quality for a banker?
A. Dishonesty
B. Carelessness
C. Honesty and confidentiality
D. Laziness
7. Which of the following professions can a student of Commerce pursue?
A. Marketing
B. Banking
C. Insurance
D. All of the above
8. One important requirement for an entrepreneur is ______.
A. inability to make decisions
B. creativity and business management skills
C. refusal to take responsibility
D. lack of business knowledge
9. One importance of career opportunities to students is that they ______.
A. help students make informed career choices
B. prevent students from acquiring skills
C. discourage further education
D. eliminate the need for training
10. Career opportunities are important to students of Commerce because they ______.
A. help them identify possible occupations and professions
B. make education unnecessary
C. prevent self-employment
D. discourage business activities
Theory Questions
1a. What is a career?
1b. Mention five career opportunities available to students of Commerce.
2a. Define career opportunities in commerce.
2b. list three importance of career opportunities in commerce