True or false? a. The approval of a capital budget allows managers to go ahead with any

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True or false?

a. The approval of a capital budget allows managers to go ahead with any project included in the budget.

b. Capital budgets and project authorizations are mostly developed “bottom up.” Strategic planning is a “top-down” process.

c. Project sponsors are likely to be overoptimistic.

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:39 AM

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True or false? a. The approval of a capital budget allows managers to go ahead with any

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Principles of Corporate Finance

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