How to Prepare a Pessimistic and Optimistic Budget? | Capital Budgeting

The following article will guide you to learn about how to prepare a pessimistic and optimistic budget of a firm. In decision-making the first step is usually to make a single 'best estimate' for each item. The worst possible/best possible outcomes can be evaluated from the pessimistic and optimistic attitudes of the decisions made. An optimistic decision maker consider the [...]