Final answer:
Capital budgeting decisions typically relate to long-term investments like leasing or buying equipment and expanding or reducing production, rather than short-term operations like employee management or pricing.
Step-by-step explanation:
Typical capital budgeting decisions include choices that affect the long-term financial strategy of a firm. Not all of the options provided relate directly to capital budgeting. The selections that pertain are lease or buy equipment decisions and choosing to expand or reduce production. Capital budgeting is primarily concerned with investments in assets and projects that will yield returns over multiple years, such as purchasing or leasing new equipment, opening or closing plants, or initiating large-scale research and development projects. It does not usually involve short-term operational decisions such as employee hiring and firing or setting product and service pricing, which fall under different aspects of business management.