________ Is the Process of Determining Whether a Business Idea

question 57

Multiple Choice

________ is the process of determining whether a business idea is viable.

• A) Feasibility analysis
• B) Opportunity recognition
• C) Likelihood analysis
• D) Achievability analysis
• E) Scenario analysis

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Definitions:

Chain Of Command

The formal line of authority, communication, and responsibility within an organization, usually depicted as a hierarchy from top to bottom.

Supervisors

Individuals within an organization responsible for overseeing the work of employees and ensuring tasks and goals are achieved.

Utilitarian Rule

A principle that dictates choosing actions that maximize happiness or benefit to the greatest number of people.

Greatest Good

A principle suggesting that actions should be evaluated based on their ability to produce the maximum amount of happiness or benefit for the greatest number of people.