Asked by Taylor Salone on Jun 23, 2024
Verified
When the decision to accept or reject one project does not affect the decision to accept or reject any other project, the project is said to be:
A) Mutually exclusive.
B) Mutually inclusive.
C) Independent.
D) A crossover project.
E) Acceptable.
Mutually Exclusive
Events or projects that cannot both occur at the same time, where the selection of one excludes the possibility of the other.
Independent
Not influenced or controlled by others in matters of opinion, conduct; not depending on another's authority.
- Differentiate between mutually exclusive and independent projects and the decision rules for each.
Verified Answer
TP
Taylor PrichardJun 27, 2024
Final Answer :
C
Explanation :
Independent projects are those where the decision to invest in one project does not affect the decision to invest in another. This means that each project's potential acceptance is considered without regard to the other projects being evaluated.
Learning Objectives
- Differentiate between mutually exclusive and independent projects and the decision rules for each.