Question: capital budgeting as a tool to determine whether a long-term asset should be purchased. The process you follow could be used in other applications, such

capital budgeting as a tool to determine whether a long-term asset should be purchased. The process you follow could be used in other applications, such as the following:

  1. Mergers and acquisitions of companies,
  2. Decisions to expand or downsize a business,
  3. Decision to change jobs,
  4. Decision to take online courses, or
  5. Pricing a product.
  6. Decision to invest in digital assets

explain specifically how the capital budgeting tool could be modified to be used in one of these applicationsor in a completely different application you identify.

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