The process of identifying,evaluating,and selecting projects that require substantial amounts of resources and are expected to generate benefits for many years into the future is called:

Question

Quizplus · Accepted Answer

The process described in the question is most closely related to capital budgeting, which involves making decisions about long-term investments in assets and projects that are expected to generate benefits over many years. Strategy formulation and strategic planning are broader processes that encompass a range of activities related to setting goals, identifying opportunities, and allocating resources. Operational budgeting, by contrast, focuses on the day-to-day activities of the organization and usually has a much shorter time horizon than capital budgeting.

The Process of Identifying,evaluating,and Selecting Projects That Require Substantial Amounts