Which of the following is the first stage to the capital budgeting process?

Select one: a. forecast all potential cash flows attributable to the alternative projects b. identify potential capital investments that agree with the organization's strategy c. determine which investment yields the greatest benefit and the least cost to the organization d. obtain funding and make the investments selected

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Net present value is calculated using the ______.

Select one: a. risk-free rate b. discount rate c. predetermined overhead cost rate d. internal rate of return

--------- Budgeted costs are ______.

Select one: a. competitor's costs b. planned or forecasted costs c. the costs incurred last year d. the costs incurred this year

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