WAEC Business Management Syllabus

Objective

Differentiate management from administration; identify manager levels and roles. Compare sole proprietorships, partnerships, limited liability companies, public corporations, and co-operatives. Analyze internal/external business environments, causes of failure, corporate social responsibility, and primary/secondary stakeholders.

Objective

Master planning steps, decision-making processes (programmed vs non-programmed), organizational structures, delegation guidelines, directing elements, motivation theories (Maslow), leadership styles, formal/informal communication channels, and control tools.

Objective

Differentiate data and information; apply computer systems to business. Understand essential contract elements, vitiating factors, contract discharge, principal-agent relationships, and negotiable instruments (cheques, bills of exchange, promissory notes).

Objective

Understand functions of money, inflation, central/commercial bank roles, monetary policy tools, risk management, insurance principles/policies, stock exchange securities, taxation types, and government expenditure items.

Objective

Compare domestic vs international trade; understand trade documents, absolute/comparative advantage theories, balance of payments corrections, roles of IMF/World Bank/UNCTAD, globalization impact, and economic blocs (ECOWAS, AU, EU, ASEAN).

Objective

Understand HR processes (recruitment, job analysis, appraisal), trade unions/collective bargaining, production processes (job, batch, flow), 4 Ps of marketing mix, product life cycle, branding/packaging, e-commerce, and short/long-term financing.

Objective

Identify entrepreneur characteristics, structure business plans, maintain business records, manage time, understand procedures for establishing small businesses, overcome challenges, and utilize government support for business sustainability.