Tim has been promoted and is now in charge of all fixed asset purchases.In other words,Tim is in charge of:
A)capital structure management.
B)asset allocation.
C)risk management.
D)capital budgeting.
E)working capital management.

Question

Quizplus · Accepted Answer

Tim's responsibility for fixed asset purchases indicates that he is in charge of capital budgeting, which involves making decisions regarding the long-term investment in assets that will generate future value for the company. Capital budgeting is a crucial aspect of financial management, and it involves evaluating potential investment projects, estimating their costs and benefits, and selecting the projects that will increase shareholder value the most. Therefore, Tim's primary responsibility is to allocate capital resources in a manner that enhances the company's financial performance and strategic goals.

Tim Has Been Promoted and Is Now in Charge of All