The Recovery of an Additional Investment in Working Capital Is

question 60

Multiple Choice

The recovery of an additional investment in working capital is likely to:

• A) occur at the end of a project's life.
• B) occur at the beginning of a project's life.
• C) occur whenever the project first shows a profit.
• D) be a sunk cost.

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Definitions:

Promissory Estoppel

Promissory estoppel is a legal principle that prevents a party from withdrawing a promise made to another when the latter has reasonably relied on that promise to their detriment.

Doctrine

A set of beliefs, principles, or position, often held by an organization or a particular field of study.

Consideration

A concept in contract law that involves something of value promised to another when forming a contract.

Promise

A promise is a declaration or assurance that one will do a particular thing or that guarantees the happening or not happening of a specific event in the future.