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When Marriott says its sources of capital are retained earnings and leverage, what is Marriott talking about?
• What would be Marriott's likely uses of capital from those sources?
• Which of the 9 flaws in capital budgeting would you worry about with Marriott. Why?
• How would a dynamic capital budgeting system (see reading 6; How Do You Win the Capital Allocation Game? - Harvard Business Publishing) help Marriott make capital good investment decisions?
Reading is from and can be found: reading 6; How Do You Win the Capital Allocation Game? - Harvard Business Publishing)
Provide a good explanations, no short answers
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