Technical Feasibility Determines If the Project Is an Acceptable Financial

question 71

True/False

Technical feasibility determines if the project is an acceptable financial risk and if the organization can afford the expense and time needed to complete the project.

Recognize the role of innovation in business, including the stages of the innovation process.

Comprehend the impact of the global economy on standards, wages, and protectionism.

Identify different approaches to managing innovation and change within organizations.

Understand the significance of technology in extending human capabilities and its application in problem-solving.

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Definitions:

Installments

A method of payment where the total cost is divided into smaller, periodic payments over a set period of time.

Small Business Administration

A U.S. government agency that provides support, resources, and loans to small businesses.

Loan

Money borrowed that is expected to be paid back with interest, typically used for larger purchases or to bridge temporary financial gaps.

Cash-flow Method

A financial analysis approach that evaluates an investment's profit or loss by considering the timing and amount of cash inflows and outflows.