CapitalBudgeting(ppt 47頁)(英文)

Organizations have developed specific tools to control the acquisition and use of long-term assets for three reasons:
Organizations commit to long-term assets for extended periods of time.
The amount of capital committed is usually very large.
The long-term nature of capital assets creates technological risk for organizations

Investment is the monetary value of the assets that the organization gives up to acquire a long-term asset.
Return is the increased cash inflows in the future that are attributable to the long-term asset.
Investment and return are the foundations of capital budgeting analysis.

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