The Process of Assessing the Development Organization's Ability to Construct

question 24

Multiple Choice

The process of assessing the development organization's ability to construct a proposed system is called assessing:

• A)technical feasibility.
• B)project feasibility.
• C)operational feasibility.
• D)development feasibility.

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Definitions:

Unfavorable

A term used in budgeting and variance analysis to describe a situation where actual costs are higher than expected or budgeted costs.

Favorable

A term used in accounting and finance to describe a situation or variance that results in a better-than-expected financial outcome.

Standard Cost System

A method of cost accounting in which predetermined costs are used for valuing inventory and recording operations, facilitating variance analysis.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, calculated before the period begins.