Which ONE of the following statements is TRUE?

• Capital budgeting is the planning for how to obtain the financing for both short-term and long-term projects.
• Operations budgeting is the planning for how to obtain the financing for both short-term and long-term projects.
• Operations budgeting is the planning for the acquisition of property, plant, and equipment.
• Capital budgeting is the planning for the acquisition of property, plant, and equipment.