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Hello Everyone, My Name is Ramneet. I have qualified UGC-NET Exam 2 times in Commerce Subject. An Academic Enthusiast, passionate about sharing my knowledge with learners and someone who would like to contribute in the field of Academics.
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FOR CLARITY IN Q-33 Example for mutually exclusive project- 1) if a manager has to make a choice strictly between undertaking either project X or Y, but not both of them concurrently, then projects X and Y are said to be mutually exclusive. 2) For example, a parcel of land may be used to build a factory, an office block, or a mixture of the two. Each alternative is mutually exclusive because the choice of one alternative automatically excludes the others. INDEPENDENT PROPOSAL- independent projects are stand-alone investments or projects that are not dependent on other projects. They can be evaluated and implemented separately without affecting other projects. for example- Outcomes of rolling a die two times are independent events. The number we get on the first roll on the die has no effect on the number we'll get when we roll the die one more time.
