The process of analyzing the needs of a business and selecting the assets that will maximize its value is called _____.

A) working capital management
B) factoring
C) risk assessment
D) capital budgeting
E) investment banking

Capital budgeting is the process through which a business evaluates and selects long-term investments that are in line with the goal of maximizing the business's value. This involves analyzing potential investment projects to decide which ones to invest in based on their expected cash flows and profitability.