Projects that, if accepted, preclude the acceptance of competing projects are

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Mutually exclusive projects are projects that compete with each other for the same resources. Accepting one project will exclude the acceptance of other competing projects. Therefore, if one project is accepted, it precludes the acceptance of other competing projects. Priority projects are those that are given a higher importance over other projects, but they may not necessarily preclude the acceptance of competing projects. Independent projects are those that do not depend on the acceptance or rejection of other projects, and equity projects involve investments in the stocks of other companies.

Projects That, If Accepted, Preclude the Acceptance of Competing Projects