When Marriott says its sources of capital are retained earnings and leverage, what is Marriott talking about?
- What would be Marriott's likely uses of capital from those sources?
- Which of the 9 flaws in capital budgeting (see reading 6) would you worry about with Marriott. Why?
- How would a dynamic capital budgeting system (see reading 6) help Marriott make capital good investment decisions?