How does a capital budget originate


Please assist by providing a 150-word response to each of the following questions:

Question 1: How does a capital budget originate and what is it suppose to accomplish?

Question 2: How are corporate responsibilities divided in preparation of the budget?

Question 3: What are the advantages and disadvantages of the budget originating from top executive offices to middle management or from middle management to top management?

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Finance Basics: How does a capital budget originate
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