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10 March, 19:48

A good capital budgeting program requires that a number of steps be taken in the decision-making process. The first step is the explanation of data.

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False

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  1. 10 March, 21:23
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    Answer: The correct answer is False.

    Explanation: The first step in a good capital budgeting program is to Identify and evaluate potential opportunities, not the explanation of data. For example, if a company is looking to increase the amount of warehouse space they have they need to identify the different opportunities. Examples of these opportunities may be to add on to an existing warehouse, rebuild on the current property or move to a new area in a new building.
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