A Nonprofit Board of Directors Is Analyzing a Feasibility Study

question 23

Multiple Choice

A nonprofit board of directors is analyzing a feasibility study to determine if there is a community need for a new service. The board is looking at which part of the business plan?

• A) description
• B) market analysis
• C) financial assumptions
• D) uncertainties and risks

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Definitions:

European Union

A political and economic alliance of European countries.

Customs Laws

Regulations imposed by governments on the import and export of goods, aimed at controlling the flow of goods across borders.

Protectionism

A call for tariffs and favorable treatments to protect domestic firms from foreign competition.

Foreign Competition

The presence of companies from different countries competing in a market, often emphasizing the global nature of business.