Benefits and costs of such a system to smaller businesses (SMEs) The financial management of an organization has a very important characteristic that is capital budgeting of the firm. The capital budgeting of an organization is very important because capital assets are long term and the budgeting process should be very carefully handled as the company has to experience it for longer time. The capital budget has minimum of five years of duration. The basic …
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showed last 75 words of 823 total
…for evaluation is good for small firms because the managers of the firms find it easy to calculate and implement their decisions on it. Reference: 1.<Tab/>Dr. Sharron Garrison, 2005, http://www.studyfinance.com/ 2.<Tab/>Marc Ross, University of Michigan, Financial Management (winter 1986) vol. 15, issue 4 3.<Tab/>Article by Morris G. Danielson, St. Joseph's University, Philadelphia, PA, "THE CAPITAL BUDGETING DECISIONS OF SMALL BUSINESSES, jan 2005