-
The Significance Credit Management In Business Organization
CHAPTER ONE -- [Total Page(s) 4]
Page 3 of 4
-
-
-
1.7 THE WORKING HYPOTHESIS
Hypothesis is a proposition of theory put forward to account for and order a body of facts.
In scientific contexts, hypothesis are seldom capable of direct test
but are tested indirectly by deducing consequences that are directly
test.
There is null and alternative hypothesis
Null hypothesis
(HO) is the assumption that there is no difference between the
hypothesis and the sample result while the alternative hypothesis (Hi)
described explanations not covered by the null hypothesis (Ho)
In
other words, null hypothesis (Ho) is that, that is rejected in order to
accept alternative hypothesis (Hi) and vice versa as the case may be.
Based on the statement of the problem, the following hypothesis have therefore been formulated for empirical study.
i. Ho: That credit extension does not increases study
Hi: That credit extension increases sales
ii. Ho: That credit extension does not help in keeping/maintaining customer
Hi: that credit extension help in keeping/ maintaining customer
iii. Ho: that overall performance of company operating credit system does not depend on its credit management
Hi: That overall performance of company operating credit system depend on its credit management
iv. Ho. That credit management does not help to avoid liquidity problem in organization
Hi: That credit management helps to avoid liquidity problems of organization
1.8 HISTORICAL OF THE GLOBAL SOAP AND DETERGENT LIMITED
Global soap and detergent industries limited is a member of Doyin
group of companies and its first wholly indigenes in soap and detergent
manufacturing company in Nigeria. It was in corporated on the 8th
October 1984 with its Head office in lagos and the factory situate along
As a-Dam road Ilorin Kwara state. The company currently runs 18 depots
through out Nigeria owned by courageous and experience industrialist
prince (Dr) Samuel Adedoyin who had for many years been championing
indigenous technology, backward integration and use of local raw
material in Nigeria the company was established in response to the call
of kwara state government on indigenes to join hands with the state
government to industrialized the state.
1.9 ORGANIZATION STRUCTURE OF GLOCAL SOAP AND DETERGENT INDUSTRIALS LIMITED
The organization chart of this industry (global soap and detergent
industries limited) was determined by the top management of the company
it formulate the policies, and coordinates finance, production and
distribution. They carryout the objectives and policies, which have been
determined by the administration the chart was drawn up in 1995 and it
is still used today the chart is shown bellow.
CHAPTER ONE -- [Total Page(s) 4]
Page 3 of 4
-
-
ABSRACT - [ Total Page(s): 1 ]ABSTRACT This project is to enlighten, motivate and give understating on the significance of Credit management in business organization, the Chapter One aspect will give details in background of study, statement of problems objectives, scope of study, definition of the terms, the working hypothesis, history review shall emphasis on the need for credit management, credit policy, collection, level of risk, historical standard for credit worthness indicators, account of sales and credit i ... Continue reading---
