TEST BANK FOR CAPITAL BUDGETING CHADRA SEKRAH

1. Which of the following about capital budgeting and capital budget is incorrect? a. Capital budgeting is the process of planning expenditures for assets, the return on which are expected to be realized within one year. b. Once capital decisions are made, they tend to be relatively inflexible because the commitments extend well into the future. c. In capital budgeting, accurate forecasting is needed to anticipate changes in the demand for the product so that the firm may realize full econ...