The importance of capital budgeting and post$-$audits

Indicate whether each of the following statements is true or false.

Capital projects are either mutually exclusive or independent. Which of the following phrases correctly describe independent projects? Check all that

apply.

Those projects that are best analyzed without considering the time value of money

By definition, they are not also mutually exclusive projects

Project choices that do not rule out competing project choices

Those projects that, if accepted, preclude the acceptance of all other competing projects