Which one of the following is NOT true about the capital budgeting process?
A) Management identifies a list of potential projects that are consistent with the business strategy and ranks them according to the value they would create for the shareholders.
B) Senior management reviews the list.
C) The list is revised to comply with the company's budget constraints.
D) All of the above are true of the capital budgeting process.
Correct Answer:
Verified
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