The acceptance of a mutually exclusive project precludes the acceptance of any competing project.
What is mutually exclusive projects?
Mutually Exclusive Projects is the term which is used generally in the capital budgeting process where the companies choose a single project on the basis of certain parameters out of the set of the projects where acceptance of one project will lead to rejection of the other projects.
Thus, the acceptance of a mutually exclusive project precludes the acceptance of any competing project.
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