Questions:
1. How may the effect of inflation be included in capital budgeting?
2. Why are (a) depreciation and (b) interest charges not found in the cash flow projections for capital budgeting?
3. Explain the processes necessary for authorisation and review of capital projects.
4. Explain what is meant by post-completion audit.
5. Explain what is meant by Advanced Manufacturing Technologies.
6. Explain why present value techniques may not be suitable for project evaluation where a business uses Advanced Manufacturing Technologies.