Question 1
Capital budgeting decisions involve all of the following
except◦ consideration of depreciation expense.
◦ a review and approval process.
◦ outflows of cash at one or more times.
◦ inflows of cash at one or more times.
Question 2
In making a capital budgeting decision, one needs to compare cash flows in terms of
◦ when they occur and their costs and revenues.
◦ past and future expectations.
◦ their costs and revenues.
◦ their amounts and when they occur.