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/ Semester3 / MCQs
Unit
MCQs
Topic
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MCQsPart1
1.Whichofthefollowingstatementisincorrect?
ManagementAuditisSystematicAssessment
ManagementAuditisPeriodicAssessment
ManagementAuditisStatutory.
ManagementAuditisComprehensiveandConstructive.
2.WhichofthefollowingareaisspecificallycoveredbyManagementAudit?
EconomicContributionAnalysis
CostBenefitAnalysis
SocialCostBenefitAnalysis.
SensitivityAnalysis
3.WhichofthefollowingisnotcoveredbyManagementAudit?
SystemsandProcedures
Boards/DirectorsAnalysis
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ResearchandDe3velopment
NewProductDevelopmentCycleTime.
4.ManagementAuditmainlylooksinto________________.
NonCompliancebyManagement
EfficiencyandEffectivenessofManagement
ActofCommissionof/byManagement.
ActofOmissionof/byManagement
5.ResponsibilityCentresarecreatedfor
Decentralisationoffunctions
Torelievetopmanagementofdaytodayactivities
Forbettercontrol
Alloftheabove
6.TherightwayofcalculatingEVAis
NPOATWACC
NOPAT+DepreciationInterest
NOPAT+InterestWACC
7.WhichofthefollowingpairaboutParadigmShiftsinthecontemporaryBusinessEnvironmentis
incorrect?
ControltoDecontrol
CompetitiontoOpeningUp
ProductiontoMarketing
VolumetoProfit
8.WhichofthefollowingpairofchangesintheOrganisationalChangesinthe20thCenturyand21st
Centuryisincorrect?
GoaldirectedtoVisiondirected
BureaucratictoEntrepreneurial
CompliancetoCommitment
EfficienttoStable
9.Todaysorganisationsarenotchanginginternallyasregards____________
Structure
Systems
Culture
LeadershipinMarket
10.TheSixEssentialDimensionsofPerformancedoesnotincludewhichofthefollowing?
Innovation
ReEngineering
Speed
Quality
11.TodaysMarketPlaceisdescribedasCompetitiveBattlefieldby______________
C.K.Prahlad
MichaelPorter
PeterDrucker
PhilipKotler
12.PerformanceManagementis______________
StrategicTool
ReEngineeringTool
BusinessProcess
StrategicManagementTool
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14.TheEnterprisePerformanceManagementcoreprocessdoesnotincludewhichofthefollowing?
FinancialPlanning
OperationalPlanning
BusinessAnalytics
ConsolidationandReporting
15.EnterprisePerformanceManagementshouldnotbeseenasa___________.
CorrectiveAction
PostMortem
CriticalSuccessFactor
KeyPerformanceIndicator.
16.WhichofthefollowingisnotoneofthemethodologiesusedforensuringeffectiveEnterprise
PerformanceManagement?
SixSigma
ActivityBasedCosting
TotalQualityManagement
ControlbyException
17.WhichofthefollowingisnotoneofthefourtypesofPerformanceIndicators?
QuantitativeIndicators
QualitativeIndicators
LaggardIndicators
LeadIndicators.
18.TheSAVIIndicatorsdoesnotincludewhichofthefollowing?
SpeedIndicators
AccuracyIndicators
VelocityIndicators
InvestmentIndicators
19.ResponsibilityAccounting________________accountingandfinancialreportingwithmanagement
andlinesofauthorityandresponsibility.
Provides
Integrates
Separates
Diagnoses
20.WhichofthefollowingisnotoneofthestepsforinstallingResponsibilityAccountingSystem?
Createasetoffinancialperformancegoals
Measureandreportactualperformancegoals
EvaluatebasedoncomparisonofActualswithBudgets
Initiatecorrectiveactions.
21.WhichofthefollowingisnotoneofthethreetypesofResponsibilityAccountingSystems?
ProcessbasedResponsibilityAccountingSystem.
FunctionalBasedResponsibilityAccountingSystem.
ActivitybasedResponsibilityAccountingSystem.
StrategicbasedResponsibilityAccountingSystem.
22.ReturnonAssets(ROA)Ratioisgivenbywhichofthefollowing?
NetIncome/Sales
Sales/TotalAssets
NetIncome/TotalAssets
GrossMargin/NetSales

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23.WhichofthefollowingisnotacomponentofMarketValueAdded(MVA)?
InvestedCapital
CurrentOperationsValue(COV)
FutureGrowthValue(FGV)
NetPresentValue(NPV)
24.WhichofthefollowingstatementaboutNPOsisnottrue?
TheNPOsgenerallytendtobeserviceorganisations
TheNPOsreceiveContributedCapitalandhavenoshareholders
ThesourcesoffundsforNPOsaremoreorlesscaptive
TheNPOsaresubjectedtoMarketMechanism.
25.Thestipulationsasregardsmaintenanceofaccountsofof/bytheNGOs/NPOsarestipulatedby
whichofthefollowing?
TheSocietiesRegistrationAct
ThePublicTrustAct
TheCompaniesAct
TheIndianTrustAct
26.ThefirstuseofthetermSocialAuditisgenerallyattributedto__________________.
PeterDrucker
GeorgeCoyder
CharlesMedawar
AmartyaSen
27.TheNonProfitOrganisationfocusesmoreon________________.
SocialWelfare/Interests
SurplusGeneration
FundsMobilisation
Governance
28.WhichofthefollowingstatementaboutNonProfitOrganisationisincorrect?
Itcancreateassetsandearnincome
Itcangetdonationsfromabroad
Itcannotdistributeassetstomembers/directors
Itcannotearnincomebysaleofgoods/services.
29.WhichofthefollowingisnotoneofthetypicalfunctionsperformedbytheRetailers?
BreakingBulk
HoldingInventory
ProvidingService
ProvidingSingleProduct/Service.
30.Theselectiveandanalyticalapproachtocontrolinvestmentinvarioustypesofinventoriesisknown
as______________________.
ABCAnalysis
GrossMarginReturnonInvestment(GMROI)
MultipleAttributeMethod
SellThroughAnalysis
31.WhichofthefollowingisnotoneofthestepsinvolvedinimplementationofABCAnalysis?
ClassifyInventoryItemsbasedonexpecteduseinunits
Ranktheitemsinaccordancewithtotalvalueofeachitem
DeterminingtheAnnualConsumptionValue
CombineitemsonthebasisoftheirrelativevaluetoformtheABCCategories.
32.TheSellThroughAnalysisisnotabout_______________________.
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Sales
Inventory/SalesTurnOver
SalesVelocity
MerchandiseManagement.
33.PoorSalesorTooMuchInventoryisindicatedbySellThroughRatiowhichis_______________.
High
Medium
Low
Exponential.
34.WhilecalculatingtheGrossMarginRatioonInvestment(GMROI),theTWOimportantaspectsare:
StockonHand&StockOutsincidents
GrossMargin&AverageInventoryCost.
GrossRevenue&StockonHand
CarryingCosts&StockOutCosts
35.TheRetailerissellingthemerchandiseformorethanitcoststheRetailertoacquireit,thenthe
GMROIRatiowouldbe___________________.
Higherthan1
Equalto1
Lessthan1.
3.2
36.TheElementaryMethods,TheMAUTMethodsandtheOutRankingMethodsrefertothetechniqueof
_____________________.
InventoryClassificationMethod
SellThroughAnalysis
MAL
GMROIAnalysis.
37.TheStrategicBusinessUnit(SBU)evolvedfrom________________.
Hierarchybasedstructureoforganisation
Functionbasedstructureoforganisation
Territorialstructureoforganisation
Divisionalstructureoforganisation
38.TheStrategicBusinessUnit(SBU)evolvedduringthe________________.
1970s&1980s
1990s
1960s
21stCentury
39.WhichofthefollowingstatementabouttheStrategicBusinessUnit(SBU)isTRUE?
SBUsarenottightlycontrolled.
SBUsarenotseparatebusinesssetup.
SBUsareheldresponsiblefortheirownResults/Performance.
SBUsareevolvedfromMatrixStructure.
40.AStrategicBusinessUnitisa_____________.
CostCentre
RevenueCentre
ProfitCentre
InvestmentCentre
41.WhichofthefollowingisnotaFinancialPerformanceMeasure?
OpeningCashFlow
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ReturnonAssets(ROA)
MarketCap
MarketShare/Growth
42.Findtheoddstatementout:
TheStrategicBusinessUnits(SBUs)aretheNaturalGroupingsofpartofaCorporation.
TheStrategicBusinessUnits(SBUs)strategyisthesameastheCorporateStrategy.
TheStrategicBusinessUnits(SBUs)haveanexternalMarketFocus.
TheStrategicBusinessUnits(SBUs)allowCorporatestorespondquicklytochangestakingplace
43.WhichofthefollowingisnotaCustomerrelatedPerformanceMeasure?
MarketShare
CustomerVolume
CustomerSatisfaction
NewCustomers
44.Aprojectedstateofaffairsthataperson,asystemoranorganisation,plansorintendstoachieveis
__________________.
Strategy
Mission
Vision
Goal
45.Aprocesswheretheactionspeopleareledtotakeinaccordancewiththeirperceivedselfinterest
arealsointhebestinterestoftheorganisationisknownas___________________.
Synergy
Synchronisation
Congruence
Integration.
46.TheMalcolmBaldrigeAwardisawardedbytheGovernmentof__________________.
Japan
Russia
U.K.
U.S.A
47.WhichofthefollowingareasisnotcoveredundertheBaldrigeAward?
Education
HealthCare
SmallBusiness
MultiNationalCorporation(MNC)
48.WhichofthefollowingisnotoneofthecriterionsfortheBaldrigeAward?
Asetofexpectationsorrequirements.
ApplicationofISO20002003Guidelines.
AStructuredapproachtoPerformanceManagement.
AFrameworkforaSystemsViewofPerformanceManagement.
49.WhichofthefollowingistheoddmanoutentitywithreferencetotheBaldrigeCriteria/
Framework?
TeamFocus
CustomerFocus
OperationsFocus
WorkForceFocus
50.GivenbelowarethePointValuesallottedtovariousBaldrigeCriteria.Whichofthemisincorrect?
OperationsFocus(85)
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CustomerFocus(85)
Leadership(100)
Results(450)
51.TheFinancialPerformanceEvaluationParametersonlygive____________.
Positionasat
CompetitivePosition
PositionasregardsSixSigma
PositioninMarket.
52.WhichofthefollowingisnotaNonFinancialPerformanceEvaluationParameter?
Productivity
QualityRejection
CostToCompany
MarketShare
53.Thedifferencebetweenthebudgetedamountsandtheactualresultsisclassifiedas
Standarddeviation
Variances
Meanaverage
Weightedaverage
54.Themanagerwhoisresponsibleforonlythecostofthecompanyisclassifiedas
Costcentre
Revenuecentre
Profitcentre
Investmentcentre
55.Themanagerwhoisresponsibleforboththecostandrevenuesiscalled
Costcentre
Revenuecentre
Profitcentre
Investmentcentre
56.Thelargernumberofmanagersubordinatesandthehigherleveledmanagerareclassifiedas
Activitysubordinates
Broaderresponsibilitycentre
Broadersubordinates
Activityordinates
57.Theassignmentoftasktomanagerswhoareaccountablefortheiractionsincontrollingand
budgetingofresourcesisclassifiedas
Coordinatingthecompanyeffort
Actionplan
Actionaccountability
Projectaccountability
58.Whyarecontrolsessentialtoanorganization?
Tomeettherequirementsforabalancescorecard
Toalertmanagerstoacurrentorpotentialproblem
Toensuremanagersaremonitoringthebudget
Todeliverexemplarycustomerservice
59.Whereshouldcontrolresidewithinanorganization?
Allemployeesandmanagers,regardlessoflevel
Employeeandmanagersclosetothesituationbeingcontrolled
Topmanagementonly
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Firstandmidlevelmanagers
60.Whichstatementbestdescribestotalqualitymanagement(TQM)?
Acollectionofcontroltechniquesestablishedbymanagement
Discoveringexistingdefectsandmistakesandcorrectingthem
Anorganizationwideemphasisonqualityasdefinedbythecustomer
Changingbusinessprocessestoimproveproductivityandservice
61.Whichcategoryofcontrolisleastbeneficialtoanorganization?
Preventive
Concurrent
Corrective
Output
62.Whichtoolfacilitatescontrolbyprovidingavisualsnapshotofkeyperformanceindicatorsfrom
currentoperations?
Expensebudget
Balancedscorecard
Financialratios
Businessdashboard
63.Whichtermbestdescribestodaysemphasisonqualitymanagementbybuildinginquality?
Qualityassurance
Zerodefects
Reengineering
Totalqualitymanagement
64.Whichattributedoesmanagementusetomeasurethequalityofaproductorservice?
Reliability
Performance
Consumerdemand
Standardsorspecifications
65.Whichofthefollowingcontrolsisusedtotrackinventory?
Economicorderquantity
Barcodes
Justintimeinventory
ABCclassification
66.Whattypeofcontrolwouldbeusedtoensureaccurateinventoryrecordsaremaintainedanddesired
materialsareonhandwhenneeded?
Usagecontrol
Trackingcontrol
Orderquantitycontrol
Inventorycontrol
67.Whichofthefollowingareessentialtoensureemployeesimplementcontrols?
Acceptanceandcomprehensionofcontrols
Recognitionandrewardsforimplementingcontrols
Trainingandtestingoncontrolprocesses
Manualsandpostersoncontrolprocedures
68.Whatisthesecondstepofthecontrolprocess?
Settingperformancestandards
Takingcorrectiveaction
Comparingresultswithstandards
Collectingdatatomeasureperformance
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69.Whichofthefollowingproperlyillustrateshowstandardsaretypicallyexpressed?
Asaweight,rate,orflattarget
Asanalphabeticletter,rate,orflattarget
Asaweight,alphabeticletter,orflattarget
Asaweight,rate,oralphabeticletter
70.Whichtypesofcontrolsalreadyexistinmostorganizationsandaremadeupofrepetitiveacts?
Operatorcontrols
Automaticcontrols
Foolproofcontrols
Informationalcontrols
71.Whichtypesofcontrolsarethosethatrequireahumanresponse?
Operatorcontrols
Automaticcontrols
Foolproofcontrols
Informationalcontrols
72.Whichtypeofcontrolsisalsocalledpreliminarycontrols,andattemptingtostopproblembeforethey
occur?
Correctivecontrols
Preventivecontrols
Concurrentcontrols
Timecontrols
73.Whichtypeofcontrolsfocusonproblemsthatoccurduringaprocessoroperation?
Correctivecontrols
Preventivecontrols
Concurrentcontrols
Timecontrols
74.Whichofthefollowingbestdefinesavisualportraitofkeyperformancemeasures,providedonline
andinrealtimeforthepurposeofcontrol?
Balancedscorecard
Businessdashboard
Controlcostanalysis
Rootcauseanalysis
75.Whichofthefollowingbestdefinesasystemforreportingkeyinformationinmultipleareas,all
relatedtogoalachievement?
Balancedscorecard
Businessdashboard
Controlcostanalysis
Rootcauseanalysis
76.Whatarethesixcommondimensionsofdesignquality?
Performance,price,reliability,serviceability,aesthetics,andreputation
Price,features,reliability,serviceability,aesthetics,andreputation
Performance,features,reliability,price,aesthetics,andreputation
Performance,features,reliability,serviceability,aesthetics,andreputation
77.Operationscontrolisattainedbyapplyingwhichthreebasiccontrolconcepts?
Cost,quality,andinventory
Cost,staff,andinventory
Staff,quality,andinventory
Cost,quality,andstaff
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78.Whichofthefollowingbestdefinestheprocessofcontinuousandrelentlessimprovementthru
teamworkandemployeeparticipation?
Qualityatthesource
Continuousimprovement
Kaizen
Qualitycontrol
79.Whichofthefollowingbestdefinestheongoingefforttomakeimprovementsineverypartofthe
organizationrelativetoallitsproductsandservices?
Qualityatthesource
Continuousimprovement
Kaizen
Qualitycontrol
80.Whichofthefollowingbestdefinesasetofqualitystandardsforinternationalbusinesswiththe
majorobjectiveofpromotingthedevelopmentofstandardization?
Sixsigma
ISO9000
Leanmanufacturing
Reengineering
81.Whichofthefollowingbestdefinesasystematicapproachtoidentifyingandeliminatingwasteand
nonvalueaddedactivities?
Sixsigma
ISO9000
Leanmanufacturing
Reengineering
82.Inventoryisgenerallyclassifiedintowhichofthefollowingthreetypes?
Rawmaterial,inprocess,purchasedgoods
Indevelopment,inprocess,inshipment
Rawmaterial,inprocess,finishedgoods
Indevelopment,inprocess,finishedgoods
83.Whichofthefollowingbestdefinestheoptimalnumberofunitstoorderatonetimedeterminedby
thepointatwhichorderingcostsequalcarryingcosts?
Economicorderquantity(EOQ)
Justintimeinventorycontrol(JIT)
Economicinventoryquantity(EIQ)
Justintimeordercontrol(JIT)
84.WhichofthefollowingisNOTacharacteristicofthecontrolprocess?
Lengthyreports
Timeliness
Accuracy
Beneficialcomparisontocost
85.Theconcisenesscharacteristicofcontrolsuggestswhichofthefollowing?
Thatcontrolsshouldonlybeimplementedatkeypointssoasnottooverburdenaprocessorsystem.
Thatcontrolsmustcontaindatathatisvalidandtrustworthytoensurethatunwarrantedcorrectionsare
notmade.
Thatthebestcontrolsprovidekeyinformationattheearliesttimepossible.
Thatcontroldatashouldbeconciseandunderstandable,withadditionalinformationaccessibleas
needed.
86.Thestrategiccontrolpointcharacteristicofcontrolsuggestswhichofthefollowing?
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Thatthebestcontrolsprovidekeyinformationattheearliesttimepossible.
Thatcontrolsshouldonlybeimplementedatkeypointssoasnottooverburdenaprocessor
system.
Thatcontroldatashouldbeconciseandunderstandable,withadditionalinformationaccessibleasneeded.
Thatcontrolsmustcontaindatathatisvalidandtrustworthytoensurethatunwarrantedcorrectionsare
notmade.
87.Whichofthefollowingbestdefinesawayofpredictingqualitydeviationsinadvancesothata
managercantakecorrectiveactionbeforeaproductiscompleted?
Specification
Standard
Operationalcontrol
Statisticalqualitycontrol
88.Thebalancedscorecardperspectivewhichmeasurescompany'ssuccessintargetedsegmentsof
customersisclassifiedas
Internalbusinessprocessperspective
Customerperspective
Learningperspective
Financialperspective
89.Thebalancedscorecardperspectivewhichfocusesonalltheoperationsthatleadstovaluecreation
processforcustomersisclassifiedas

Learningperspective
Financialperspective
Internalbusinessprocessperspective
Customerperspective
90.Theexampleoffinancialperspectiveinbalancedscorecardis
Employeeturnoverrates
Operatingcapabilitiesandnumberofpatents
Operatingincomeandrevenuegrowth
Customersatisfactionandmarketshare
91.Consideringthebalancedscorecard,theperspectiveinwhichperformanceoforganizationincludes
Financialperspective
Learningandgrowthperspective
Customerperspective
Allofabove
92.Theexampleofcustomerperspectiveinbalancedscorecardis
Employeeturnoverrates
Operatingcapabilitiesandnumberofpatents
Operatingincomeandrevenuegrowth
Customersatisfactionandmarketshare
93.Ifearnedvalue(EV)=350,actualcost(AC)=400,plannedvalue(PV)=325,whatiscostvariance(CV)?
350
75
400
50
94.Aprofitabilityindex(PI)of.92foraprojectmeansthat__________.
Theproject'scosts(cashoutlay)are(is)lessthanthepresentvalueoftheproject'sbenefits
Theproject'sNPVisgreaterthanzero
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Theproject'sNPVisgreaterthan1
Theprojectreturns92centsinpresentvalueforeachcurrentdollarinvested(cost)
95.TheLMNCorporationisconsideringaninvestmentthatwillcost$80,000andhaveausefullifeof4
years.Duringthefirst2years,thenetincrementalaftertaxcashflowsare$25,000peryearandforthelast
twoyearstheyare$20,000peryear.Whatisthepaybackperiodforthisinvestment?
3.2years.
3.5years.
4.0years.
Cannotbedeterminedfromthisinformation.
96.BulgingStomachRestaurants,Inc.,hasestimatedthataproposedproject's8yearnetcashbenefitwill
be$4,000peryearforyears1through8,withanadditionalterminalbenefitof$8,000attheendofthe
eighthyear.AssumingthatthesecashinflowssatisfyexactlyBulging'srequiredrateofreturnof8
percent,theproject'sinitialcashoutflowisclosesttowhichofthefollowingfourpossibleanswers?
$27,309
$25,149
$14,851
$40,000
97.Whichofthefollowingstatementsisincorrectregardinganormalproject?
IftheNPVofaprojectisgreaterthan0,thenitsPIwillexceed1.
IftheIRRofaprojectis8%,itsNPV,usingadiscountrate,k,greaterthan8%,willbelessthan0.
IfthePIofaprojectequals0,thentheproject'sinitialcashoutflowequalsthePVofitscashflows.
IftheIRRofaprojectisgreaterthanthediscountrate,k,thenitsPIwillbegreaterthan1.
98.Assumethatafirmhasaccuratelycalculatedthenetcashflowsrelatingtotwomutuallyexclusive
investmentproposals.Ifthenetpresentvalueofbothproposalsexceedzeroandthefirmisnotunderthe
constraintofcapitalrationing,thenthefirmshould__________.
CalculatetheIRRsoftheseinvestmentstobecertainthattheIRRsaregreaterthanthecostofcapital
Comparetheprofitabilityindexoftheseinvestmentstothoseofotherpossibleinvestments
Calculatethepaybackperiodstomakecertainthattheinitialcashoutlayscanberecoveredwithina
appropriateperiodoftime
AccepttheproposalthathasthelargestNPVsincethegoalofthefirmistomaximizeshareholder
wealthand,sincetheprojectsaremutuallyexclusive,wecanonlytakeone
99.Whatdowecallaformalcomparisonoftheactualcostsandbenefitsofaprojectwithoriginal
estimates?
Postcompletionaudit.
Feedbackaudit.
Costbenefitanalysis.
Businessscorecardreport.
100.Aprojectwhoseacceptancedoesnotpreventorrequiretheacceptanceofoneormorealternative
projectsisreferredtoas__________.
Amutuallyexclusiveproject
Anindependentproject
Adependentproject
Acontingentproject
101.Whenoperatingunderasingleperiodcapitalrationingconstraint,youmayfirstwanttotryselecting
projectsbydescendingorderoftheir__________inordertogiveyourselfthebestchancetoselectthe
mixofprojectsthataddsmosttofirmvalue.
Profitabilityindex(PI)
Netpresentvalue(NPV)
Internalrateofreturn(IRR)
Paybackperiod(PBP)
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102.Whichofthefollowingstatementsregardingcashflowpatterns(fortimeperiods0,1,2,3,and4)is
correct?
Thesequenceof$100,$50,$40,$60,and$50isanonconventionalcashflowpattern.
Thesequenceof$100,$600,$1,100,$600,and$20hasatmosttwointernalratesofreturn.
Thesequenceof+$100,$1,100,and$1,600isaconventionalcashflowpattern.
Thesequenceof$50,$50,$70,$60,and$150hasatmosttwointernalratesofreturn.
103.Whichofthefollowingstatementsiscorrectregardingtheinternalrateofreturn(IRR)method?
Eachprojecthasauniqueinternalrateofreturn.
Aslongasyouarenotdealingwithmutuallyexclusiveprojects,capitalrationing,orunusual
projectshavingmultiplesignchangesinthecashflowstream,theinternalrateofreturnmethod
canbeusedwithreasonableconfidence.
(/pages/feedback)
Theinternalrateofreturndoesnotconsiderthetimevalueofmoney.
Theinternalrateofreturnisrarelyusedbyfirmstodaybecauseoftheeaseatwhichnetpresentvalueis
calculated.
104.Whichofthefollowingisnotapotentialforarankingproblembetweentwomutuallyexclusive
projects?
Theprojectshaveunequallivesthatdifferbyseveralyears.
Thecostsofthetwoprojectsdifferbynearly30%.
Thetwoprojectshavecashflowpatternsthatdifferdramatically.
Oneofthemutuallyexclusiveprojectsinvolvesreplacementwhiletheotherinvolvesexpansion.
105.ThediscountrateassociatedwiththesingleintersectionoftheNPVprofilesoftwomutually
exclusiveprojectsrepresents__________.
Fisher'srateofintersection
Therateatwhichtheprojectshaveidenticalprofitabilityindexes
Gordon'srateofreturn
Theminimumacceptablerateofreturnforeachproject
106.AnNPVprofileforasingleproject__________.
DisplaysFisher'srateofintersection
Isgenerallyupwardsloping
DisplaystheexpectedNPVforaprojectatavarietyofdifferentdiscountrates
Noneoftheaboveanswersare
107.Aprojectwhoseacceptanceprecludestheacceptanceofoneormorealternativeprojectsisreferred
toas__________.
Amutuallyexclusiveproject.
Anindependentproject.
Adependentproject.
Acontingentproject.

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