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Economic Feasibility Is a Feasibility Assessment Tool That Focuses on the Financial

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Economic feasibility is a feasibility assessment tool that focuses on the financial and economic benefits and costs that a new system would bring to the organization.


Definitions:

Rawls's Justice Theory

A philosophical framework proposing principles of justice, including the maximin strategy for social and economic inequalities, ensuring the most extensive basic liberties for all.

Outcomes

In legal contexts, this term refers to the final results or consequences of legal proceedings or actions.

Begging The Question

A logical fallacy in which the conclusion of an argument is assumed in the formulation of the argument itself.

Slippery Slope

A logical fallacy that suggests a minor action will lead to major and oftentimes negative consequences without providing evidence for such a drastic outcome.

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