The capital budgeting process in a company involves evaluation of cash flows, risk analysis, correlation with the portfolio of projects in the company etc. To make this process more streamlined, firms identify whether the projects qualify as a capital budgeting project or not and generally analyze them in different vertical categories. Which of the following are examples of a capital budgeting project? Check all that apply. Amalgamated Football League Inc.'s $25,000 investment in short-term marketable securities Lancashire Railway Co.'s investment in employee education and training programs Houston Horticulture Co.'s investment in a research and development program For which of the following reasons are capital budgeting decisions important to a business organization? Check all that apply. Capital investments are easily and quickly reversed. Capital investments affect the firm's long-term performance and profitability. Capital investments tend to be expensive