Explanation:
Expansion projects typically involve both greater uncertainty and higher capital requirements compared to ongoing operations. This is because such projects often entail entering new markets, developing new products, or scaling operations, which introduce additional risks and necessitate significant investment. Options A and B are incorrect as they only partially capture the characteristics of expansion projects.
Compared to ongoing operations, expansion projects are most likely characterized by:
A
Higher levels of uncertainty exclusively.
B
Increased capital requirements exclusively.
C
Both higher levels of uncertainty and increased capital requirements.
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