单选题 The process of evaluating and selecting profitable long-term investments consistent with the firm's goal of shareholder wealth maximization is known as:

A、

A. capital budgeting.
B、

B. monitoring.
C、

C. ratio analysis.

【正确答案】 A

【答案解析】In the process of capital budgeting, a manager is making decisions about a firm's earning assets, which provide the basis for the firm's profit and value. Capital budgeting refers to investments expected to produce benefits for a period of time greater than one year. Ratio analysis investigates financial statement values, financial restructuring is done as a result of bankruptcy, and monitoring is a critical assessment aspect of capital budgeting.