| 释义 |
mutually exclusive projects mutually exclusive projects A number of alternative projects being considered for appraisal, no one of which can be pursued in conjunction with any of the others. 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. Mutually exclusive projects arise when there is a scarce resource, in this case land. |