Question
1. ______________ involve(s) investment of significant financial resources in projects to develop or introduce new products or services, to expand current production or service capacity,
1. ______________ involve(s) investment of significant financial resources in projects to develop or introduce new products or services, to expand current production or service capacity, or to change current production or service facilities.
Select one:
A. Long range planning
B. Profitability analysis
C. Capital expenditures
D. Capital budgeting
2. Which of the following activities falls under the range of responsibility assumed by the capital budgeting committee?
Select one:
A. Analysis of major capital expenditure proposals
B. Approval of major capital expenditure proposals
C. Review of major capital expenditure proposals
D. All of the above
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