This document outlines the key points from a chapter on business concepts. It begins by stating the chapter objectives which are to define business, identify careers in different business sectors, and identify how to choose a career in business. It then outlines the three main sections which will be discussed: an introduction to business basics, careers in business, and choosing a career. The first section defines business both traditionally and modernly. The second section discusses the different fields of careers in business such as management, marketing, accounting, finance, and computer/data processing. The last section discusses factors to consider when choosing a business career such as personal interests, skills, and career opportunities.

1. VANDA INSTITUTE
BATTAMBANG BRANCH
Bachelor of Accounting
Course: Business Concepts I
Year 2 / Semester 1
Lecturer: Boeurt Chan Tola,
BA & MA in TEFL

2. Chapter Objectives
At the end of this chapter, all students will
be able to:
 Clearly identify the definition of term
“Business”
 Identify the different types of careers in a
particular sector
 Identify the path for choosing a career in
business sector.
2

3. Chapter Contents
There are three main contents will be
discussed in this chapter I: Introduction:
Business Basics
1) What is Business?
2) Careers in Business
3) Choosing a Career
3

4. Section I: What is Business?
◻ What does Business?
Traditional Definition:
 Business is the activity of exchange or trade goods
or services for money.
Modern Definition:
 Business is the combination of production,
distribution, and sale of goods and services as the
creation of profit or economic surplus.
4

5. Section I: What is Business?
Noun
 Exchange (n)
 Production (n)
 Distribution (n)
 Sale (n)
 Goods (n)
 Services (n)
 Profit (n)
 Conversion (n)
 Surplus (n)
 Expenses (n)
Verb
◻ Examine
◻ Classify
◻ Perform
◻ Remain
◻ Create
Adjective
◻ Technical
◻ Various
Others
◻ For instance
◻ On the other hand
5
Below are some key term that will be useful.

6. Section I: What is Business? (Answer)
Comprehension Section:
1) Business is the combination of
Production, Distribution, sales of goods
and services, and the creation of profit
or economic surplus.
2) More details, complex and specialized,
and increase communication.
 Factors: Individual development and
industries renaissance, multiple products
and services.
3) The creation of services or changing of
material into products.
4) The process of moving cars from
factory to the market.
5) Goods is physical and Service is
abstract: it’s naturally provided by
third party.
6) The creation of profit or economic
surplus.
7) Money remained
1) Investment, distribute bonus, increase
salary, fund on research and
development.
6

7. Section I: What is Business? (Answer)
True/ False Statement:
1) T
2) F: The definition have more detail for the
modern definition of Business (the
combination of production, distribution, sale
of goods and services, and creation of profit or
economic surplus.
3) F: The process of moving products to the
market is distribution.
4) T
Vocabulary Section:
B. Match the synonym of the term:
1g 2 e 3 f 4a 5 b
6 c 7 d
C. Complete the sentence with the given
noun/verb.
1. a. sales b. sells
2. a. distribution b. distribute
3. a. produces b. production
4. a. are classified b. classification
5. a. convert b. conversion
Text Analysis
1. Term reference
◻ Line 4, word “it” refer to
“Business”
◻ Line 20, word “this factor” refer to
creation of profit or economic
surplus”
7

8. Section I: What is Business? (Answer)
Text Analysis
2. Transition words
◻ line 8, next  b
◻ Line 15, on the other hand  c
◻ Line 23-24, therefore  a
3. Line 8 refers to its various
parts
a. Production
b. Distribution
c. Sales
d. Creation of profit or economic
surplus
4. Key transition words
a. First  Production
b. Next  Distribution
c. Third  sales of goods and
services
d. However  other important factor
(creation of profit r economic
surplus)
8

9. Section I: What is Business? (Answer)
Text Analysis
5. Definition of term
a) Business is the combination
of production, distribution,
sale of goods or service, and
creation of profit or
economic surplus.
b) Sale is the exchange of
goods or services for money.
c) Goods are product that
people either need or want.
d) Service is the activity that
perform from another group
of people or organization.
e) Profit is the remain money
after expenses.
9

10. Section I: What is Business? (Answer)
Application
A. Matching the part of business
definition:
1. Distribution goods
2. Production goods
3. Sale of goods
4. Distribution of goods
5. Production of goods
6. Sale of services
7. Distribution of goods
8. Sale of goods
9. Sale of services
10. Production of goods
B. Reflection of term in real-
life situation
1. Production
2. Distribution
3. Sale
Writing section
 Write a paragraph about
business operation
10

11. Section II: Careers in Business
◻ What is career?
� Career is the chosen work or profession of a person in
one life.
◻ What are the fields of career in business sector?
There are five particular fields of business sector;
� Management fields
� Marketing fields
� Accounting fields
� Finance fields
� Computer and Data Processing fields
� Etc…
11

12. Comprehension section:
A. Answer question:
1. Management, marketing,
accounting, finance, and Computer
and Data Processing
2. Banker, financial analyst, and
stockbroker
3. General manager, personnel
manager, production manager
4. Computer and Data Processing
5. Computer operator, computer
programmer, systems analyst
6. Marketing field: researcher,
advertiser, seller, distributer
7. (Check in the text book on reading
about Career in business line 15)
8. (Group Work)
9. (Group Work)
12
Section II: Careers in Business (Answer)

13. Comprehension section:
A. Answer question:
1. Management, marketing,
accounting, finance, and Computer
and Data Processing
2. Banker, financial analyst, and
stockbroker
3. General manager, personnel
manager, production manager
4. Computer and Data Processing
5. Computer operator, computer
programmer, systems analyst
6. Marketing field: researcher,
advertiser, seller, distributer
7. (Check in the text book on reading
about Career in business line 15)
8. (Group Work)
9. (Group Work)
13
Section II: Careers in Business (Answer)

14. Comprehension section:
B. Circle correct answer
1. B 2. d 3. a 4. d
Vocabulary section:
A. Substitute appropriate term
1. Advancement
2. Variety
3. Salary
4. Field
5. Suitable
6. Careers
7. Aptitude
8. Specialize in
B. Group Work for 25 minutes
C. Fill in the blank
1. Field
2. Specialize in
3. Various
4. Suitable
5. demand
6. Salary
7. Offer
8. Advancement
14
Section II: Careers in Business (Answer)

15. Text Analysis
1. Referencing
- Line 9, “each of these fields” refer to
management, marketing, accounting, finance,
computer &data processing
- Line 18, “these kinds of questions” refer to
question before choosing a business career
2. Transition phrases
- For example  career questions
- For Instance  Marketing
specialization
3. Transition phrases
- Consequently  business career
opportunity have in variety
4. Rhetorical Questions
(Questions before choosing a
career)
5. Matching term and its
definition (Class Practice)
15
Section II: Careers in Business (Answer)