Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 2MC
Related questions
Question
What is independent projects?
Expert Solution
Step 1
Introduction:
Capital budgeting is an investment criterion or decision making mechanism for determining which project a firm will choose to make an investment to help the business expand.
Step 2
Answer:
An independent project is one that stands apart from other ventures and would not stop a firm from participating in other projects. When a company accepts an independent project, the other proposals can still be approved or accepted.
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