a. Approval of the capital budget allows manager to go ahead with any project included in the
Question:
b. Project authorizations are mostly developed "bottom-up." Strategic planning is a "top-down" process.
c. Project sponsors are likely to be overoptimistic.
d. The problem of over optimism in cash-flow forecasts can always be solved by setting a higher discount rate.
True or false?
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a False Approval of the capital budget allows manager to go ahead with any pro...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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