The Most Important and Frequently Re-Analyzed Part of a Feasibility

question 117

Multiple Choice

The most important and frequently re-analyzed part of a feasibility study is the ________ aspect.

• A)Economic feasibility
• B)Operational feasibility
• C)Scheduling feasibility
• D)Technical feasibility

Understand the distinctions between full, limited, express, and implied warranties.

Distinguish between shipment and destination contracts and their obligations.

Understand the role of tender of delivery and payment in fulfilling sales contracts.

Recognize the implications of accepting non-conforming goods and the cure options available.

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Definitions:

Accounting Profits

The total revenues of a business minus the explicit costs, essentially the net income on the financial statements.

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the quantity sold multiplied by the selling price.

Barriers to Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business.

Short Run

A time period in economics during which some factors of production are fixed, influencing decisions on production and costs.