During which stage of the capital budgeting process is the type of capital expenditure project identified as being necessary to accomplish organisation objectives?

Question

Quizplus · Accepted Answer

The identification of the type of capital expenditure project that is necessary to accomplish organizational objectives is part of the first stage of the capital budgeting process, which is the identification of the problem. This stage involves identifying the need for investment and the opportunities available to the organization for achieving its objectives. The other stages include collecting information, making decisions by choosing among alternatives, and implementing the decision.

During Which Stage of the Capital Budgeting Process Is the Type