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When a Company Is Evaluating a Project's ____ Feasibility,the Company

question 65

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When a company is evaluating a project's ____ feasibility,the company must ask: Can the proposed system be designed,built,tested,and installed in an amount of time that all parties find reasonable and to which they can agree?


Definitions:

Nonrival

A characteristic of a good or service where one person's use does not diminish its availability to others.

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a good or service.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Nonexcludable

A characteristic of a good where it is not possible to prevent individuals from accessing or consuming the good.

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