It is true that the process of evaluating and planning for long-term investments is called capital budgeting.
What is capital budgeting?
This is when an organization plans to start a major investment project, hence a process of making capital expenditure decisions.
It is a planning process employed by a firm's management to evaluate if embarking on long-term investments are viable and profitable.
Long term investments in capital budgeting are:
- Purchase of a new machinery
- Replacement of old non-current assets
- New product line
Learn more about capital budgeting here: https://brainly.com/question/12991139
#SPJ1
