A Feasibility Study Is Conducted to Determine

question 123

Multiple Choice

A feasibility study is conducted to determine:

• A) if funds are available for the proposed project
• B) the scope of the problem
• C) user requirements for the proposed system
• D) if outsourcing might solve this problem

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Definitions:

Incremental Adjustment

A small, step-by-step change or modification made in order to improve a system or process.

Significant Adjustment

describes a major change or modification in operations, policies, or strategies, typically in response to external or internal factors.

Standby Passengers

Travelers who wait for an available seat on a flight, typically flying at a reduced rate, due to not having a reservation for a specific departure.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and loan payments.