Question

The capital budget for the year is approved by a company's

A) board of directors.
B) capital budgeting committee.
C) officers.
D) stockholders.

Answer 1

The capital budget for the year is approved by a company's board of directors.

Step-by-step explanation:

The capital budget for the year is approved by a company's board of directors. The board of directors is responsible for making decisions about the allocation of a company's financial resources for long-term projects or investments. They review and evaluate potential capital expenditures and determine which projects to approve based on various factors such as financial feasibility, strategic fit, and expected return on investment.