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.