WAEC Business Management Syllabus 2026/2027 & Textbooks

By WAEC2026 November 3, 2025 WAEC Syllabus 2026, WAEC Textbooks 0 Comments

The WAEC Business Management syllabus 2026/2027 covers topics like management functions, business organization, finance, marketing, and international trade. Recommended textbooks include those covering these core areas.

Contents

1 Aims and Objectives
2 Examination Guide
3 WAEC Business Management Syllabus 2026/2027
4 WAEC Business Management Textbooks 2026/2027
5 Recent Posts

Aims and Objectives

Candidates must understand and appreciate the basics of the concepts, principles, and practices of business management
Candidates must understand the role of business management in an economy
Candidate must develop ability to relate the concepts and principles of business management to practical business situations
candidate’s must have ability to pursue further studies in business management.

Examination Guide

There will be two papers, Paper 1 and Paper 2, both of which will constitute a composite paper and will be taken in a sitting.

PAPER 1:

Paper 1 will consist of fifty compulsory multiple-choice objective questions, which will cover the entire syllabus and will carry 30 marks. It will last 1 hour.

PAPER 2:

Paper 2 will consist of a compulsory case study question and seven other essay questions, out of which candidates will be expected to answer any three.

The case study will range between 200 and 250 words and will carry 25 marks, while the other questions will carry equal marks of 15 each. The paper will therefore carry a total of 70 marks.

WAEC Business Management Syllabus 2026/2027

Main Topic / Module	Subtopics and Key Concepts
1. Meaning and Process of Management	• Meaning of Management and Administration • Basic Functions of Management • Levels of Management • Types and Roles of Managers • Difference between Administration and Management
2. Forms of Business Organization	• Meaning of Business Organization • Major Forms: Sole Proprietorship, Partnership, Limited Liability Company, Public Corporation, Co-operative Society • Procedures for Formation • Characteristics, Advantages and Disadvantages of Each Form • Causes of Business Failure
3. Business and Society	• Meaning of Business Environment • Forces in the Business Environment • Ethical, Legal and Social Responsibilities of Businesses • Primary and Secondary Stakeholders – Meaning and Differences • Business Responsibilities towards Society
4. Functions of Management	—
(a) Planning and Decision Making	• Meaning and Importance of Planning • Steps and Types of Planning • Limitations to Planning • Meaning and Importance of Decision-Making • Decision-Making Process • Types of Decisions (Programmed, Non-programmed) • Levels of Management Decisions
(b) Organizing	• Meaning, Importance and Activities of Organizing • Principles of Organizing • Organizational Structure and Chart • Centralization vs. Decentralization – Meaning, Differences, Advantages, Disadvantages • Meaning and Benefits of Delegation • Reasons Managers Do Not Delegate • Reasons Subordinates Reject Delegation • Guidelines for Effective Delegation
(c) Directing	• Meaning and Elements of Directing • Motivation – Meaning, Intrinsic and Extrinsic Factors • Maslow’s Hierarchy of Needs • Leadership – Meaning, Importance, Styles, and Sources of Power • Communication – Meaning, Importance, Channels (Formal & Informal), Process, Barriers, and Guidelines for Effective Communication
(d) Controlling	• Meaning and Reasons for Control • Steps in Controlling • Tools for Control
5. Management Information Technology (ICT in Management)	• Concept of ICT • Data and Information – Meaning, Differences, and Sources • Functions of Computers • Applications of Computers in Business • Advantages and Challenges of Using Computers in Business
6. Legal Environment of Business	—
(a) Law of Contract	• Meaning and Elements of a Contract • Classification of Contracts • Vitiating Factors (Void and Voidable Contracts) • Discharge of Contracts
(b) Principles of Agency	• Meaning and Creation of Agency • Rights and Duties of Principal and Agent • Termination of Agency
(c) Negotiable Instruments	• Meaning and Characteristics • Types: Cheques, Bills of Exchange, Promissory Notes • Cheques – Classes, Types, Advantages, Disadvantages, and Fraud Prevention
7. Finance and Financial Institutions	—
(a) Money	• Meaning and Characteristics • Functions of Money • Meaning and Causes of Inflation
(b) Banking	• Types of Banks • Functions of Central Bank • Functions of Commercial and Other Banks • Types of Bank Accounts • Tools of Monetary Control
(c) Risk Management and Insurance	• Meaning of Risk and Risk Management • Types of Business Risks • Meaning and Importance of Insurance • Principles of Insurance • Types of Insurance and Policies
(d) Stock Exchange	• Meaning and Functions • Types of Securities Traded
8. Role of Government in the Economy	• Role of Government in Economic Development • Sources and Types of Government Revenue • Purpose of Taxation • Types of Taxes and Challenges of Tax Collection • Types and Items of Government Expenditure
9. International Trade and Problems of Developing Economies	—
(a) International Trade	• Meaning of Trade • Difference Between Domestic and International Trade • Trade Documents • Reasons for International Trade • Theories: Absolute & Comparative Cost Advantage • Trade Restrictions and

WAEC Business Management Textbooks 2026/2027

Introduction to Business Management by Ansah, J.K. Wilas Press Ltd Publishers
Essentials of Services Management by Boachie-Mensah. F.O Woeli Publishing
Business Studies by Buckley, M., Brindley, B and Greenwood. M.S, Longman Group Publishers
Advanced Business Studies by Carysforth, C and Neild, M Heinemann. Danks, S. DP Publication
Introduction to Business Management by Du Toit, G S, Erasmus. J W. Press South Africa
Business Studies by Needham, D. and Dransfield, R Stanley Thornes.

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