12. Which of the statements below is false?

a. We can separate short-term and long-term decisions into three dimensions: the length of impact, the cost, and the degree of information gathering prior to the decision.

b. The longer the impact and the higher the cost associated with a decision, the greater the time and degree for gathering information on choices and the more complex decision model.

c. Long-term decisions are called capital budgeting decisions and are typically viewed as decisions that have long-term impacts that are not easily reversed r that can be changed only at great cost.

d. An example of a short-term decision is determining the number of manufacturing facilities that the firm should operate.