Characteristics of capital projects include (B) usually requires long-range planning and extensive financing.
<h3>
What are capital projects?</h3>
- 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.
<h3>Characteristics of capital projects:</h3>
- Long-lasting assets are involved (e.g, buildings, roads and bridges, etc.)
- A construction project is usually included.
- Long-term planning and extensive financing are usually required.
- 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.
