Question
In the description of both small and large projects, there seemed to be a shortage of capital for investment in projects. In fact, the name
In the description of both small and large projects, there seemed to be a shortage of capital for investment in projects. In fact, the name capital budgeting, for the approval process and techniques for assessment of projects used in the field of financial management suggests a shortage of funds that must be budgeted. Surely if a project is a winner, the company should raise the extra financing to fund it, and thereby grow the company. This limitation of funds is called capital rationing. Explain reasons why there might be a rationing of funds within a company (300 words)
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