Which one of the following is NOT true about the capital budgeting process?
A) Management identifies a list of potential projects that are consistent with the business strategy and ranks them according to the value they would create for the shareholders.
B) Senior management reviews the list.
C) The list is revised to comply with the firm's budget constraints.
D) All of the above are true of the capital budgeting process.
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.