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the relevance and importance of capital budgeting process

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Please explain the relevance and importance of the capital budgeting process. In your response, please explain why we should still forecast even though business conditions are always changing.

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The expert examines the relevance and importance of capital budgeting processes.

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Hi there,

Here are your answers:

The Capital Budgets represents the link in the economic management system between the short priorities and the short-term allocation of financial resources. They provide the final link between the long-term planning framework priorities and the allocation of investment resources.

Regarding your second question: I found a good example within the context of intercollegiate athletics to explain why forecasting is important.

The primary objective is to have a plan in place ...

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