Effect Of Business Principles On Record Keeping Of An Entrepreneur : Food And Beverage Industry Of Nigeria

Abstract

The examined the effect of business principles on record keeping of an entrepreneur in the food and beverage industry of Nigeria. This study specifically examined the effect of principles on priorities security and privacy and annually review/audit in Nigerian food and beverage sector Determined the effect of business principles on record, track and monitor documents in Nigerian food and beverage sector Evaluated the effect of business principles on annually review/audit of Nigerian food and beverage sector. Ex-post facto design was adopted due to the fact that the study relied solely on secondary source of data collection in examining the effect business principles on record keeping of an entrepreneur in the food and beverage Industry of Nigeria. The research was conducted in Nigeria and within the Nigerian consumer goods firms listed in the Nigeria Stock Exchange. The data for this study were collected using the secondary source. The data were obtained from the annual report and accounts from two sampled firms listed on the Nigerian Stock Exchange The result of the analysis shows that it was observed that business principles have a negative and significant effect on priorities security and privacy n Nigerian food and beverage sector. The study shows that business principles have positive and significant effect on record track and monitor documents in Nigerian food and beverage sector. It was also discovered that business principles has positive and significant effect on annually review / audit of Nigerian food and beverage sector. Based on the findings, it was recommended that priorities security and privacy should be ascertained and introduced to Nigerian food and beverage firms as a priority more particularly with the introduced to Nigerian food and beverage firms as a priority more particularly with the introduction of international recording system. Record, track and monitor documents record keeping method is necessary to sustain loyalty of customers and should be supported. Annually review / audit is imperative for food and beverage firms to adopt viable record keeping procedures in other to compete favourably with their competitors.