Undergraduate Thesis Bachelor of Science in Business Administration Major in Financial Management University of Rizal System Binangonan 2023

Includes bibliographical references

This study aimed to determine the financial management practices of unlimited chicken wings restaurants in selected towns in the province of Rizal calendar year 2023 with respect to allocating capital, procurement of funds, and utilization of financial resources. Fifty nine percent (59%) of unlimited chicken wings restaurants in the province agreed to be part of the study. They were grouped according to years of operation, number of hours operating in a day, sources of capital, type of business organization, number of employees, and types of orders offered. The 51 respondents were the owners, managers, and crow members. They were categorized in terms of age, sex, civil status, length of service, position held, and educational attainment. The study used descriptive method of research and utilized questionnaire-checklist as the main instrument in gathering data. To determine the business profile, frequency, percentage, and mean were utilized. To find out the perception of the respondents on their financial management practices arithmetic mean was applied. To determine the significant difference on the perception of the respondents on their financial management practices in terms of respondents' profile and business profile, One-Way ANOVA was used. The study revealed that majority of the unlimited chicken wings restaurants in the province of Rizal were operating for 3 to 4 years, 8 hours in a day, a great majority used owner's savings as their source of capital and had few employees, most were sole proprietorship, and all of them offered variety or mix of flavors The respondents perceived that unlimited chicken wings restaurants often apply financial management practices with respect to procurement of funds and utilization of financial resources. Meanwhile, allocating capital was always applied. There was no significant difference on the perception of the respondents on the financial management practices of unlimited chicken wings in selected towns in the province of Rizal in terms of allocating capital and procurement of funds but a significant difference was noted in utilization of financial resources in terms of length of service and sources of capital The researchers recommended that they may consider educating their employees about their business' financial condition. A similar study may be conducted using other variables.