Question

Characteristics of capital projects include: Group of answer choices Involves long-lived assets Usually requires long-range planning and extensive financing Usually has a year-to-year focus A

Answer 1

Characteristics of capital projects include (B) usually requires long-range planning and extensive financing.

What are capital projects?

• A Capital Project is one that serves to maintain or improve a City asset, also known as infrastructure.
• A project must meet ONE of the following requirements (criteria) to be included in the Capital Budget.
• It is a project that involves the construction, enlargement, renovation, or replacement of an existing building or facilities.

Characteristics of capital projects:

1. Long-lasting assets are involved (e.g, buildings, roads and bridges, etc.)
2. A construction project is usually included.
3. Long-term planning and extensive financing are usually required.
4. Maintain a project-life emphasis rather than a year-to-year concentration.

Therefore, characteristics of capital projects include (B) usually require long-range planning and extensive financing.

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Correct question:

Characteristics of capital projects include:

Group of answer choices -

(A) Involves long-lived assets.

(B) Usually requires long-range planning and extensive financing.

(C) Usually has a year-to-year focus.