A firm can be seen as nothing more than a collection of projects.A firm must allocate cash to projects within its budgets.Therefore, the process of deciding which projects to undertake and which projects lo pass up is called capital budgeting.Capital bud
A firm can be seen as nothing more than a collection of projects.A firm must allocate cash to projects within its budgets.Therefore, the process of deciding which projects to undertake and which projects lo pass up is called capital budgeting.Capital bud
参考解析
解析：一家公司可以看成是一系列项目的集合，公司必须要在其预算范围内向项目投放资金。 因此，决定哪个项目该投资，哪个项目该放弃的过程就是资本预箅a资本预算是公司决策的核心。 只要考虑到融资，每一个项目都是一系列现金流。大多数项目需要一笔现金流出（即投资或者花费成本）及随后的一系列现金流入（即回报或者收入）.至于现金流来自垃圾搬运或是钻石销售是没有关系的。现金流就是现金，然而，很需要的是所有收益和成本要换算或现金价值。如果你要在搬运垃圾上花更多时间或者不喜欢垃圾搬运，你要把这些换算成负向现金流。同样地，如果做意个项
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A program can best be described as:AA grouping of related activities which last two years or moreBThe first major subdivision of a projectCA grouping of projects, similar in nature, which support a product or product line and have no definable end pointDA product lineEAnother name for a project
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