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Why is managerial flexibility important in capital budgeting?
Object Permanence
The recognition that objects persist in existence even when they are not visible, audible, or tactile.
Cognitive Development
The mental process by which a child understands and becomes capable of interacting with the world through stages and changes in intellectual abilities.
Visual Illusions
Perceptual experiences that differ from objective reality, generated by the visual system's interpretation of ambiguous or misleading information.
Cognitive Development
The process by which individuals perceive, think, and gain understanding of their world through the interaction of genetic and learned factors.
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