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Which of the following best describes capital rationing? a. When funds are not available to undertake all the projects put forward by divisional management teams.

Which of the following best describes capital rationing? a. When funds are not available to undertake all the projects put forward by divisional management teams. b. When funds are not available to finance all wealth-enhancing projects c. When wealth is destroyed because capital repayments on loans have to be made earlier than anticipated d. When the financial markets are told by government not to lend beyond imposed limits

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