单选题 Which of the following steps is least likely to be an administrative step in the capital budgeting process? A. Arranging financing for capital projects. B. Conducting a post-audit to identify errors in the forecasting process. C. Prioritizing projects according to project profitability and company resources.

【正确答案】 A

【答案解析】Arranging financing is not one of the administrative steps in the capital budgeting process. The four administrative steps in the capital budgeting process are: Idea generation Analyzing project proposals Creating the firm-wide capital budget Monitoring decisions and conducting a post-audit