When Projects Are Mutually Exclusive, Selection Should Be Made According

question 98

Multiple Choice

When projects are mutually exclusive, selection should be made according to the project with the:

• A) longer life.
• B) larger initial size.
• C) highest IRR.
• D)highest NPV.

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Definitions:

Primary Reinforcer

A primary reinforcer is a stimulus that is naturally rewarding and satisfies a biological need, such as food or water.

Stimulus Discrimination

The learned ability to distinguish between similar stimuli and respond appropriately to each one.

Green Light

An expression meaning to give approval to proceed with a project or action.

Lever Pushing

A task used in experimental psychology and behavioral neuroscience to study the principles of operant conditioning by training an animal to press a lever to receive a reward.