Back to Assignment Attempts Keep the Highest/2 10. The importance of capital budgeting and post-audits Capital budgeting decisions are among the most important decisions that financial managers make Indicate whether each of the following statements regarding capital budgeting is true or false. True False Statements Investing in capital assets is important to staying competitive. O O o Capital budgeting is about forecasting the need for cash and other short-term assets. Capital expenditures are long term and expensive. A post-audit is an important step in the capital budgeting process O O Capital projects are either mutually exclusive or independent Which of the following phrases correctly descrbe independent projects? Check all that apply Those projects that are best analyzed without considering the time value of money Involve more risk than mutually exclusive projects By definition, they are not also mutually exclusive projects Projects that, whether accepted or rejected, do not affect the cash flows of other projects Project choices that do not rule out competing project choices Grade It Now Save & Continue Continue without saving