Question

How do budgets help decision-makers decide which projects to fund? Include both internal and external funders

Answer 1

Capital budgeting decision making techniques are a series of analyses to help us decide which project is best. To decide which project will add the most value to the company, managers use capital budgeting techniques. This way, decisions are made based on financial data, instead of political pressure or gut instinct.
Source:
https://2012books.lardbucket.org/books/finance-for-managers/s13-capital-budgeting-decision-mak.html