The First Step in the Capital Budgeting Process Is

question 57

Multiple Choice

The first step in the capital budgeting process is:

• A) collection of data.
• B) idea development.
• C) assigning probabilities.
• D) determining cash flow.

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Definitions:

Data

Raw facts and statistics collected for reference or analysis.

Findings

Results or conclusions derived from an investigation or research.

Analyses

Systematic examinations or assessments of data, documents, or materials to understand their components or structure.

Empowered Team Decision-Making

A process that gives teams the authority to make important decisions and contributes to their sense of ownership and commitment.