When Studying the Detailed Feasibility of a New Project

question 7

Multiple Choice

When studying the detailed feasibility of a new project

• A)prototyping does not affect the schedule feasibility analysis
• B)the need for user training will influence the schedule feasibility analysis
• C)protection from fraud and errors will influence the schedule feasibility analysis
• D)a cost-benefit review will affect the schedule feasibility analysis

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Definitions:

Standard Costs

Predetermined costs to manufacture a single unit or a number of units of a product during a specific period under expected or normal conditions.

Materials Quantity Variances

The difference between the actual quantity of materials used in production and the expected quantity, measured in cost.

World Class Company

A business that achieves high standards in its operations, services, and products, often excelling in areas like customer satisfaction, innovation, and efficiency, and recognized globally for its excellence.

Standard Cost Accounting System

A cost accounting system that assigns preset costs to products or services, used for budgeting and controlling expenses.