Which one of the following Statements best describe the Capital Budgeting (Planning) process?

a. It is a process to Select and Evaluate Long-Term Projects.

b.It is a process to Select and Evaluate Long-Term as well as Sort-Term Projects.

c.It is a process to Select Lon-term Projects or Investments.

d.It is a process to Evaluate and Select Any type of Projects.

e.It is a process to Evaluate and Select Long-Term Projects.