$1.$ Capital budgeting is technically defined as $\_\_\_\_\_\_\_\_\_\_\_\_$ but is simply making a $\_\_\_\_\_\_\_\_\_$ decision about projects.

a$.$ Process of selecting long$-$term investments; capital structure

b$.$ Process of selecting long$-$term investments; accept$/$reject

c$.$ Process of selecting short$-$term investments; capital structure

d$.$ Process of selecting short$-$term investments; accept$/$reject