The Last Step in the Capital Budgeting Process Is Control

question 64

Multiple Choice

The last step in the capital budgeting process is control which compares the actual results with the projected results. These comparisons are known as:

• A)cash inflows.
• B)post-audits.
• C)ranks.
• D)cash outflows

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Definitions:

Finance Charges

Fees represented as the cost of credit to the borrower, which includes interests and other charges.

Installment Payment Plan

A financial arrangement that allows a buyer to pay for goods or services over a period of time in several smaller payments.

Bankruptcy

The state of being bankrupt, being legally declared unable to pay debts; a petition to a court by an individual who is stating that he or she cannot pay any debt incurred.

Collection Agency Transaction

A financial activity where a collection agency attempts to recover funds owed by an individual or business.