Economics · Capital Budgeting Process
Arrange the following steps in the capital budgeting decision process in the correct sequence: 1. Identification of investment opportunities2. Screening and evaluation of proposals3. Implementation of the selected project4. Post-completion audit
- 11 → 2 → 3 → 4✓
- 22 → 1 → 3 → 4
- 31 → 3 → 2 → 4
- 42 → 3 → 1 → 4
Correct answer
1 → 2 → 3 → 4
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