August 2009
Beginner
304 pages
5h 57m
English
Capital investment decisions are among the most important that management can make. Often capital is a company’s scarcest resource, and using capital wisely is essential for success. Capital investments are long-term bets to build a better future. More than any other business action, capital investment decisions will define the company and its ultimate value.
Faced with limited capital resources, management must carefully decide which capital projects are economically feasible. Management must select projects that will contribute the most to increasing the company’s value. This process of evaluating, comparing and selecting projects is called “capital budgeting.”
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