Final answer:
The capital budgeting decision is of a long-term nature and involves making investment or savings decisions across a period of time.
Step-by-step explanation:
The capital budgeting decision is of a long-term nature. Unlike short-term decisions such as buying groceries, capital budgeting involves making investment or savings decisions across a period of time, sometimes a long period. This decision-making process is called intertemporal decision making in economics.
Capital budgeting involves planning for and evaluating large-scale investments, such as new machinery, replacement machinery, new plants, new products, and research development projects, which will have implications for the company's operations for many years. Therefore, when concerning the nature of the capital budgeting decision, the correct answer is:
c) long term