Search this course Chapter 9 Assignment Back to Assignment Attempts Keep the Highest / 2 2. The Importance of capital budgeting and post-audits Indicate whether each of the following statements is true or false. True False Statements An Incentive program that encourages new ideas, whether for new products or better processes, is a good way to generate capital investment proposals. Capital budgeting is the long-term planning for the purchase of assets whose cash flows extend beyond one year. A post-audit involves comparing actual results with forecasted results ololo Capital budgeting is about forecasting the need for cash and other short-term assets. Capital projects are either mutually exclusive or independent. Which of the following statements are correct? Check all that apply. A project cannot be independent and mutually exclusive at the same time. Independent projects are those projects that, if accepted, preclude the acceptance of all other competing projects, Acceptance of a mutually exclusive project precludes the acceptance of any competing project. Acceptance or rejection of an independent project does not affect the cash flows of other projects. Grade It Now Save & Continue Continue without saving