____ Measures Whether the Lifetime Benefits of a Proposed System

question 36

Multiple Choice

____ measures whether the lifetime benefits of a proposed system will be greater than its lifetime costs.

• A) Operational feasibility
• B) Technical feasibility
• C) Schedule feasibility
• D) Economic feasibility

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Definitions:

Preference Ranking

A system or method used to arrange or prioritize options based on their desirability or value from a subjective viewpoint.

Investment Projects

Initiatives undertaken by businesses or individuals to allocate resources, often capital, with the expectation of generating future returns.

Incremental Annual Revenues

The additional revenues generated over a year from a particular action or decision, often considered in investment or project analysis.

Scrap Value

The estimated residual value of an asset at the end of its useful life, often considered when calculating depreciation.