The term capital budgeting describes how companies:

A-plan significant investments in projects that have long-term implications.

B-develop annual estimates that are used to create a budgeted income statement and balance sheet.

C-use budgets to evaluate the performance of investment center managers.

D-use activity-based costing to develop product and customer profitability projections.

(Also B is not correct, I already tried with my first attempt, option B is not correct) (Develop annual estimates.. is incorrect)