Why is capital budgeting such an important process why are, Accounting Basics

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Why is capital budgeting such an important process why are

Question: 1. Why is capital budgeting such an important process? Why are capital budgeting errors so costly? Explain.

2. What are the disadvantages of using the payback method as a capital budgeting technique? What are the advantages? Why is it used so frequently?

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Accounting Basics: Why is capital budgeting such an important process why are

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