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Proposals for new investment projects are made at all levels within a business organization and are reviewed by finance personnel. Results are monitored and actual
Proposals for new investment projects are made at all levels within a business organization and are reviewed by finance personnel. Results are monitored and actual costs and benefits are compared with those that were expected. Action may be required if actual outcomes differ from projected ones. Following approval, expenditures are made and projects . Expenditures for a large project often occur in phases. Firms typically delegate capital expenditure on the basis of dollar limits. perform formal to assess the merits of investment proposals
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