ECONOMICS

Detailed explanation-1: -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.

Detailed explanation-2: -Answer and Explanation: Contingent projects are those projects whose acceptance or rejection will depend on whether other projects will be accepted or rejected.

Detailed explanation-3: -Choosing Between Projects If accepting one project means you must reject another, then these projects are mutually exclusive.

Detailed explanation-4: -mutually exclusive A set of projects where only one can be accepted.

Detailed explanation-5: -Mutually exclusive projects are capital projects which compete directly with each other. For example, 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.