The correct answer is: A. Capital expenditure budget.
A capital expenditure budget is a financial plan that outlines a company’s planned spending on major assets, such as property, plant, and equipment. It is typically prepared for a period of one to five years.
A cash budget is a financial plan that projects a company’s cash inflows and outflows over a specified period of time. It is used to ensure that the company has sufficient cash on hand to meet its obligations.
A sales budget is a financial plan that projects a company’s sales revenue over a specified period of time. It is used to determine the company’s production and inventory levels, as well as its marketing and advertising expenditures.
Of the four options, only a capital expenditure budget is a long-term budget. A cash budget and a sales budget are typically prepared for a shorter period of time, such as one year.