"There is a significant positive relationship between the degree of capital budgeting sophistication and performance; better-performing companies are more likely to employ sophisticated capital budgeting processes than are poorer-performing companies." Analyze & provide your comment on the above statement.

Activity: You have to analyze & provide your comment on the above statement. Word limit: Maximum 1000 words (3-4 paragraphs) only, including everything. Plagiarism: Must be avoided. Maximum 15% the similarity is acceptable.