Which of the following may be TRUE regarding mutually exclusive capita

Which of the following may be TRUE regarding mutually exclusive capital budgeting projects?

A) There is need for only one project, and both projects can fulfill that current need.
B) By using funds for one project, there are not enough funds available for the other project.
C) There is a scarce resource that both projects would need.
D) All of the above

ANSWER

Answer: D