FIN-450 Week 1 DQ 2 - Capital budgeting decisions are usually made by teams of executives…
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FIN-450 Week 1 DQ 2
Intermediate Finance - Basic Concepts in Finance
Grand Canyon University
Capital budgeting decisions are usually made by teams of executives from various divisions within a corporation. Departmental managers, when presenting their capital budgeting proposals to the executives, are sometimes tempted to inflate the estimates of returns to be earned from their proposals, in order to increase the likelihood that the proposals will be accepted. If you were CFO of a corporation, what steps could you take to prevent this from happening?