What Is an Economic Feasibility Study

question 37

Multiple Choice

What is an economic feasibility study?

• A) Identifies the financial benefits and costs associated with the systems development project
• B) Determines the organization's ability to build and integrate the proposed system
• C) Assesses the likelihood that all potential time frames and completion dates will be met
• D) Examines all potential legal and contractual ramifications of the proposed system

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Definitions:

Backward Bending

Refers to the backward bending supply curve of labor, indicating that higher wages can lead to a decrease in labor supply beyond a certain point.

Corinthian Column

A classical column style characterized by its ornate capital decorated with acanthus leaves, used in Greek and Roman architecture.

Choragic Monument

An architectural structure built in ancient Greece to commemorate a victory in a choragic contest, a musical or dramatic performance.

Tholos

A tholos is a type of ancient Greek and Roman building characterized by a circular shape, often with a conical or dome-shaped roof.