CAPITAL BUDGETING IN A THIRD WORLD TOBACCO COMPANY
CAPITAL BUDGETING IN A THIRD WORLD TOBACCO COMPANY
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Date
1994-12
Authors
KAURA, YAKUBU D
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Abstract
The efficient allocation of scarce resources of a
business firm has been the very question bothering
businessmen and Economists alike. There has been effort
by Researchers in the business field whose main
contention has been on how to build models and
mathematical expressions that will help to solve the
problem of determining optimal allocation of firms scarce
resources.
It is quite notable in the fields of both finance and
Economics, that renounced Economists like Boan, Wicksell
and Irwin Fisher have laid some theoretical foundations
for analyzing investment decision in a more systematic
and economical manner.
It is certain that in business decisions; capital
budgeting which is a part, involves the application of
large initial Capital (cash outflow), which in the mind
of the investor, are inflows of cash, which are always
uncertain.
Since large sums of money are always committed for
long periods of time, it is expected that firms need to
be more careful in identifying projects and selecting the
more viable ones which, they can undertake. In fact the
selection is very necessary, since the firm may have
financial constraints.
This selection is done through the application of the
various appraisal methods of capital budgeting.
This project work is aimed at studying the capital
budgeting decision of Nigerian Tobacco Company (NTC), to
ascertain whether its. (CB) application in the company
conforms with the theoretical standards, as it is
expected in an ideal situation
Description
A PROJECT SUBMITTED TO THE POST GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL
FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF
MASTER OF BUSINESS ADMINISTRATION (M. B. A).
DEPARTMENT OF BUSINESS ADMINISTRATION,
A. B. U. ZARIA.
DECEMBER, 1994.
Keywords
CAPITAL,, BUDGETING,, THIRD WORLD,, TOBACCO COMPANY,, NIGERIAN,, TOBACCO COMPANY,, ZARIA.