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The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called __________ analysis.

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Answer:

capital investment analysis

Step-by-step explanation:

This process being described is known as capital investment analysis. Like mentioned in the question this term refers to a budgeting procedure that is used in order to ultimately assess the potential profitability of a specific long-term investment. This form of analysis is usually used by large corporations/organizations that have a long-term investment which contain fixed assets such as equipment, machinery, or real estate.

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