Economic Feasibility Is Concerned With

question 101

Multiple Choice

Economic feasibility is concerned with:

• A) How well a proposed information system supports the objectives of the organization and its strategic plan for information systems
• B) Whether expected cost savings, increased revenue, increased profits, reductions in required investment, and other types of benefits will exceed the cost of developing and operating a proposed system
• C) Determining if reliable hardware and software capable of meeting the needs of a proposed system can be acquired or developed by the business in the required time
• D) The willingness and ability of management, employees, customers, suppliers, and others to operate, use, and support a proposed system

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Definitions:

Crystallized Intelligence

The ability to use learned knowledge and experience.

Large Vocabulary

The extensive set of words known and used by a person in speech and writing.

Cattell and Horn

Psychologists known for their influential work in the field of intelligence, particularly in developing the theory of fluid and crystallized intelligence.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.