When a corporation decides to issue long-term debt in order to pay for the acquisition of real assets, it has made a:

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The decision to issue long-term debt is a financing decision, as it involves determining the appropriate mix of debt and equity to fund the firm's assets. Capital budgeting decisions involve evaluating potential investments in real assets, while money market decisions involve short-term borrowing and investing, and secondary market decisions involve trading existing securities.

When a Corporation Decides to Issue Long-Term Debt in Order