Firms usually have important non-financial objectives that have potential to limit the achievement of financial objectives. Examples of non-financial objectives are as follows:

i.Welfare of employees

ii.Welfare of management

iii.Fulfillment of responsibilities towards customers

iv.Fulfillment of responsibilities towards suppliers

Required

a.Briefly discuss the above non-financial objectives in capital budgeting

b.Explain the relevance of technical visibility and social visibility in selecting a financially viable investment.