IN THE CAPITAL BUDGETING PROCESS IN MANY MNCS, IMPORTANCE IS PLACE...

44. In the capital budgeting process in many MNCs, importance is place on making decisions on project proposals: a. By outside consultants who have special expertise in the particular project under consideration. b. At upper levels of management since upper management is ultimately responsible for the profitability of the firm. c. At lower levels within the organization so that more costly upper level managerial time will not be expended. d. By involving the entire organization so that all levels of the organization will claim ownership of a project.