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ME11 2.04

Authored by Donald Efird

Other

9th - 12th Grade

Used 1+ times

ME11 2.04
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a reason to conduct a feasibility study:

Considering a new product idea

Hiring a new employee

Ordering office supplies

Choosing an advertising slogan

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a true statement about feasibility studies:

They are inexpensive to conduct.

They are especially important for government projects.

They are used by businesses in every industry.

They are not useful for nonprofit organizations.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The end goal of a feasibility study is to

determine the best marketing tactics for the venture.

convince investors to commit money to the venture.

ensure that competitors cannot steal the idea for the venture.

allow owners/managers to make a sound decision about the venture.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Feasibility studies can help owners/managers to determine

what their competitors will do.

where to find good prices on raw materials.

the best time to start a project or venture.

the best place to recruit new employees.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A feasibility study can form a solid foundation for which of the following business documents:

business plan

Income statement

Balance Sheet

Annual sales report

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Owners/Managers should not conduct a feasibility study if they are

considering a business expansion.

certain the idea is feasible.

not ready to start the venture.

unsure about the idea.

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Hiring a professional to conduct your feasibility study can

guarantee profit.

be very inexpensive.

reduce bias.

create demand.

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