Considering the 2014 article by Batra and Verma assigned in this unit, “An Empirical Insight Into Different Stages of Capital Budgeting,” discuss the following:
• Describe the capital budgeting process.
• Explain how the capital budgeting process is used in organizations.
• Describe the types of projects that are subject to capital budgeting.
• Explain why the capital budgeting process is important for the allocation of resources.

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