In capital budgeting, the preferred approaches in assessing whether a project is acceptable are those that integrate time value of money, risk and return considerations, and valuation concepts to select capital expenditures that are consistent with
the firm's goal of maximizing owners' wealth.
Indicate whether the statement is true or false
Question 2
The portion of an asset's risk that is attributable to firm-specific, random causes is called ________.
A) unsystematic risk
B) nondiversifiable risk
C) market risk
D) political risk
