Capital expenditure proposals are initially screened by the
A) board of directors.
B) executive committee.
C) capital budgeting committee.
D) stockholders.

Question

Quizplus · Accepted Answer

Capital expenditure proposals are initially screened by the capital budgeting committee, which is responsible for evaluating the proposal's potential profitability and determining whether to approve it or not. The board of directors and executive committee may be involved in the final decision-making process, but the capital budgeting committee is responsible for the initial screening. Stockholders do not typically have a direct role in capital expenditure proposals.

Capital Expenditure Proposals Are Initially Screened by the