The process of evaluating and planning for long-term investments is called Capital budgeting
This is further explained below.
What is Capital budgeting?
Generally, A company will go through the process of capital budgeting in order to assess the viability of proposed big expenditures or projects. Before a decision to accept or reject a project can be made, it must first go through the process of capital budgeting. Some examples of projects that need this step are the construction of a new factory and a significant investment in an outside enterprise.
In conclusion, Capital budgeting refers to the act of analyzing and organizing one's finances with regard to long-term investments.
Read more about Capital budgeting
https://brainly.com/question/15683430
#SPJ1
