(a) What is a firm's strategic policy? How, if at all, does it influence a firm's...

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(a) What is a firm's strategic policy? How, if at all, does it influence a firm's choice of capital budgeting projects? (b) What is an "unbiased" cash flow forecast? Do you find it surprising that studies have found that the actual cash flows of "sales projects" tend to be well below the predicted amounts? Defend your answer. (a) What is a firm's strategic policy? How, if at all, does it influence a firm's choice of capital budgeting projects? (b) What is an "unbiased" cash flow forecast? Do you find it surprising that studies have found that the actual cash flows of "sales projects" tend to be well below the predicted amounts? Defend your answer.

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a A firms strategic policy outlines its longterm objectives and goals as well as the strategies it w... View the full answer