Capital budgeting decisions involve a minimum time horizon of five years.
Project expenditures are planned for at least one year.

Name: Capital budgeting decisions involve a minimum time horizon of five years. Project expenditures are planned for at least one year.
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Capital budgeting decisions can involve various time horizons, not necessarily a minimum of five years, and project expenditures can be planned for different durations, including less than one year.

Capital Budgeting Decisions Involve a Minimum Time Horizon of Five