true/false 1. effective capital budgeting improves the timing and quality of the assets purchased 2. ideas for capital investment should come from the engerigering and sales departments rather than from the finance department. 3. capital expenditures are long term and expensive

capital projects are either mutually exclusive or independent. which of the following phrases correctly describes independent projects? check all that apply

1. prjoects that whether accepted or rejected, do not affect the cash flow of another project

2. those projects that are best anaylized without consdering the time value of money

3. involve more risk than mututally exclusive projects

4. by defintion, they are not also mutually exclusive projects

5. those porjects that if accepted preclude the acceptance of all other competing projects