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During the COVID-19 pandemic, many firms have been reluctant to undertake new projects due to economic uncertainty

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During the COVID-19 pandemic, many firms have been reluctant to undertake new projects due to economic uncertainty. If a firm were to allot a fixed budget for capital expenditures, such that projects would compete for funding, this would be an example of _____?

answer choices

capital rationing

independent projects

capital budgeting

unlimited funding