1) Deciding which long-term investment a firm should make is a ______ decision. capital structure capital budgeting working capital management capital constraints cost of capital 2) Which one of the following statements is correct? A general partnership is a legal person. Partnerships are the most complicated type of business to form. Only firms organized as partnerships have limited lives. All partnerships are required to have at least one limited partner. Taxable income earned by a partnership is treated as individual income