A plan of dollar amounts to be spent on long-term projects is called a Capital Budget.
What Is Capital Budgeting?
Capital budgeting is known to be a form of a business doings that is often done to examine potential major projects or any form of an investments.
Note that before a person does any business, it is good that they have the budgeted amount of money they are willing to spend as it is important before going into the business.
Hence, A plan of dollar amounts to be spent on long-term projects is called a Capital Budget.
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