Key Questions to Access the Feasibility of a Design Option

question 28

Multiple Choice

Key questions to access the feasibility of a design option do not include:

• A) Is there government support?
• B) Are the required resources and manpower available?
• C) Is organisation capacity available?
• D) Are the skills available?
• E) Are financial resources available?

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been purchased by customers.

Perfection Standard

A benchmark for achieving the highest possible performance or outcome in a given task or process, often unattainable but used as a goal to strive for.

Skilled Worker

An individual who has specialized training and expertise in a particular trade or profession, often requiring formal education or certification.

Labour Cost

Labour cost is the total expense incurred from employing labor, including wages, benefits, and taxes, significant in assessing overall production costs or operational expenses.