Which of the following is the first step while carrying out capital budgeting process?
A)Perform preliminary screening of proposals
B)Identify capital investment needs
C)Evaluate investment proposals
D)Make investment decisions based on available funds

Question

Quizplus · Accepted Answer

The first step in the capital budgeting process is to identify the capital investment needs. This involves determining what projects or investments are necessary to achieve the organization's goals and objectives. Once the capital investment needs are identified, the next step would be to perform a preliminary screening of proposals to narrow down the options before evaluating investment proposals and making investment decisions based on available funds.

Which of the Following Is the First Step While Carrying