MANAGEMENT

Detailed explanation-1: -The capital budgeting process is also known as investment appraisal.

Detailed explanation-2: -Capital Budgeting is the process of making financial decisions regarding investing in long-term assets for a business. It involves conducting a thorough evaluation of risks and returns before approving or rejecting a prospective investment decision. This process is also known as investment appraisal.

Detailed explanation-3: -A long-term investment decision is also called a Capital Budgeting decision.

Detailed explanation-4: -Capital budgeting in businesses focuses on the essential fixed assets a business should purchase and the least necessary assets to buy. Whereas, capital investment decision refers to the assessments made before the purchase of an asset by the management, to conclude on the methods and ways of spending capital assets.

Detailed explanation-5: -Short term investment decisions are the decisions related with the bills receivables, inventories, levels of cash and debtors etc. These decisions are also known as working capital decisions.