People with the highest IQ tend to become the leaders

_____________________ is the process of evaluating and planning for capital (plant asset) expenditures. This is an important management task because these expenditures often involve long-run commitments of large amounts, affect predicted cash flows, and impact future debt and equity financing.

Fill in the blank(s) with the appropriate word(s).

In the context of changing environments, identify a true statement about environmental uncertainty.

Question options: It is most likely to be high when there is technological stability in the industry. It is most likely to be high when the industry is at an equilibrium state. It is most likely to be low when environmental complexity is at a low level. It is most likely to be low when environmental change is extensive.