All of the following are motives for capital budgeting expenditures EXCEPT

Question

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Invention is not typically considered a motive for capital budgeting expenditures as it refers to the creation of new products, processes or technologies, which may not necessarily involve investments in fixed assets or infrastructure. Expansion, replacement and renewal, on the other hand, typically involve capital expenditures aimed at increasing capacity, improving efficiency, maintaining competitiveness or complying with regulations.

All of the Following Are Motives for Capital Budgeting Expenditures