Question

Explian the need and importance of capital budgeting

Answer 1

Your answer: -

Capital budgeting is important because it creates accountability and measurability. Any business that seeks to invest its resources in a project, without understanding the risks and returns involved, would be held as irresponsible by its owners or shareholders. Businesses exist to earn profits.

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Answer 2

Answer:

Explanation:

Capital budgeting is important because it creates accountability and measurability. Any business that seeks to invest its resources in a project, without understanding the risks and returns involved, would be held as irresponsible by its owners or shareholders. ... Businesses (aside from non-profits) exist to earn profits.