题目解释: 资本预算的哪个过程风险最大

考点: 资本预算  关键词:capital budgeting   most

解题思路,了解资本预算过程,识别风险最大的环节

This step of the capital budgeting process does not have a lot of risk in it. The risk is only in choosing the correct method of raising the funds.
There is a risk that a possible project will not be identified, but this is not the most risky stage of capital budgeting.
There is little risk in the evaluation and learning stages of capital budgeting.
Forecasting cash flow has the most risk, because expected cash flow is an important input to the capital budgeting process and it directly affects the decision of whether or not to accept a project. Inaccurate cash flow forecasts can cause an unprofitable project to be accepted or a profitable project to be rejected.