Capital budgeting.

Gerard George Duclos
Capital budgeting is a form of systematic planning of expenditure in order to achieve sound investment programs which fulfill management's trusteeship obligations; the care and effective use of those funds entrusted to them by their shareholders and investors. Capital budgeting is the technique of administering a capital management program. It includes many areas beginning with the creative search for profitable opportunities and ending with retirement and disposal of assets. Between these two decisions lie a...
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