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The process of identifying, evaluating, and selecting projects that require substantial amounts of resources and are expected to generate benefits for many years into the

The process of identifying, evaluating, and selecting projects that require substantial amounts of resources and are expected to generate benefits for many years into the future is called: 

A) strategy formulation. 

B) short-term planning. 

C) capital budgeting. 

D) operational budgeting.

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