The choice of capital budgeting methods is a key decision for management. This article reviews common techniques, including Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PBP), Accounting Rate of Return (ARR), and Profitability Index (PI). The study focuses on Macedonian companies, analyzing how frequently different methods are used and preferred by managers. Based on a survey of 53 companies, the research finds that factors like decision-makers' experience, education, company age, and sector do not significantly affect the choice of techniques. The study recommends improving decision-makers understanding of capital budgeting methods and urges governments to promote financial management training. Companies should also implement internal policies to enhance the application of these techniques. While the study offers valuable insights, its small sample size and potential respondent identification issues limit its generalizability. Future research should include a larger, more diverse sample and explore additional factors, such as job titles and financial experience, artificial intelligence to gain a deeper understanding of capital budgeting practices.