Making an investment in long term asset is related to:

Option 1 -> Working capital decision relates to managing short-term assets and liabilities for day-to-day operations, not long-term asset investments.

Option 2 -> Liquidity decision focuses on maintaining sufficient liquid assets to meet immediate obligations, not concerned with long-term asset acquisition.

Option 3 -> Capital budgeting decision involves evaluating and selecting long-term investments in fixed assets like machinery, equipment, and infrastructure.

Option 4 -> Capital structure decision determines the mix of debt and equity financing, not the actual investment in long-term assets.

Hence, Option 3: Capital budgeting decision -> Capital budgeting is the process of planning and managing a firm's long-term investments in assets such as property, plant, and equipment. It involves analyzing potential projects and deciding which long-term assets to acquire to maximize shareholder value -> correct