Sykes, Inc., is considering two projects, a plant expansion and a new computer system for the firm's production department. Classify each of these projects as independent, mutually exclusive, or contingent projects and explain your reasoning.© BrainMass Inc. brainmass.com June 4, 2020, 2:34 am ad1c9bdddf
Independent projects means acceptance of one project is not dependent on the elimination of other projects i.e., projects are independent of each other.
This solution helps classify two project at a company is considering. It classifies each project as independent, mutually exclusive, or contingent project. Reasoning for the classification is given. The explanation is given in 97 words.