Corporate Finance【Reading 36】Sample
Which of the following steps is least likely to be an administrative step in the capital budgeting process? A)
| Arranging financing for capital projects. |
| B)
| Conducting a post-audit to identify errors in the forecasting process. |
| C)
| Forecasting cash flows and analyzing project profitability. |
|
Arranging financing is not one of the administrative steps in the capital budgeting process. The four administrative steps in the capital budgeting process are: - Idea generation
- Analyzing project proposals
- Creating the firm-wide capital budget
- Monitoring decisions and conducting a post-audit
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