Capital Budgeting concepts are used by a high-level manager when:

a.he/.she is deciding at what time to have lunch during the busy workday.

b.he/she is deciding the best date to pay an Account Payable.

c.he/she is deciding the right date to hold the next annual shareholders' meeting.

d.he/she is deciding which longterm projects (if any) to accept and begin.

e.none of the above.