There Are Several Important Aspects to Be Considered During a Feasibility

question 19

Multiple Choice

There are several important aspects to be considered during a feasibility study.The aspect that asks the question,"Can people use the system and will they use it?" is called

• A) economic feasibility.
• B) operational feasibility.
• C) scheduling feasibility.
• D) technical feasibility.

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Definitions:

CPI

The Consumer Price Index scrutinizes the average price changes of a broad spectrum of consumer items and services, like food, healthcare, and transport, by means of a weighted average calculation.

CPI

By utilizing a weighted average mechanism, the Consumer Price Index monitors the price trajectory of essential consumer goods and services, which includes food, transportation, and medical services.

Market Basket

A market basket refers to a selected set of goods or services that are consistently used and monitored over a period of time for the purpose of tracking inflation in an economy via a cost comparison.

Inflation Rate

The rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling.