_____ Feasibility Determines If the Project Is an Acceptable Financial

question 22

Multiple Choice

_____ feasibility determines if the project is an acceptable financial risk and if the organization can afford the expense and time needed to complete the project.

• A) Technical
• B) Economic
• C) Organizational
• D) Behavioral
• E) Time

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Definitions:

Constant Slope

Refers to a linear relationship plotted on a graph where the rate of change between the variables remains unchanged across the graph.

Price Elasticity

An evaluation of the degree to which a change in the cost of a good influences the amount of it demanded.

Total Revenue

The total receipts from sales of a given quantity of goods or services; calculated as the unit price multiplied by the number of units sold.

Elastic Portion

A segment of the demand curve where a change in price leads to a more than proportional change in quantity demanded, indicating high price sensitivity.