Question $1$

$1\mathrm{.}1.$

What is meant by the term equal service alternative? $(2$ marks$)$

$1\mathrm{.}2.$

$($a$)$ What is the difference between a service alternative and revenue alternative? $($b$)$ What is another name of a service alternative? $(2$ marks$)$

$1\mathrm{.}3.$

When evaluating multiple alternatives or projects, against what must they be compared, if they are $($a$)$ independent, and $($b$)$ mutually exclusive? $(2$ marks$)$

$1\mathrm{.}4.$

When evaluating projects by the present worth method, how do you know which one$($s$)$ to select if the proposals are $($a$)$ independent, and $($b$)$ mutually exclusive? $(4$ marks$)$

$1\mathrm{.}5.$

You have been asked to evaluate two alternatives, X and Y$,$ that may increase