The Four Forms of Feasibility Analysis Include: Product/service Feasibility, Industry/target

question 55

True/False

The four forms of feasibility analysis include: product/service feasibility, industry/target market feasibility, organizational feasibility, and financial feasibility.

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Definitions:

Hierarchical System

A hierarchical system is an organized structure in which elements are ranked or classified based on levels of importance or authority, often depicted in a pyramid shape where each layer controls the one below.

Chain of Command

The chain of command is a hierarchical structure within an organization that outlines the authority and responsibility relationships amongst its members, ensuring clear lines of communication and decision-making.

Distributed System

A system in which computer processing is done across multiple separate machines, connected by a network, allowing for more efficient processing and data handling.

Plasticity

The ability of the brain to change and adapt (in terms of structure and function) in response to experience, learning, or injury.