Feasibility Study Quiz

What might one company consider as a measure of project success?

• Return on investment (ROI)

• Number of employees

• Office size

• Number of meetings

What is a common goal of feasibility studies?

• To make informed business decisions

• To increase the number of employees

• To expand the company's office space

• To reduce the company's expenses

What is one reason why a feasibility study is important?

• It guarantees project success.

• It reassures banks and investors.

• It eliminates all project risks.

• It provides unlimited resources.

What can a feasibility study identify if a project isn't viable?

• It can identify new investors.

• It can identify project issues.

• It can identify new markets.

• It can identify new technologies.

What is one of the elements included in a feasibility study?

• A list of competitors.

• An executive summary.

• A detailed marketing plan.

• A complete financial audit.

Why is it important to understand the financial requirements of a project?

• To determine the project's timeline

• To assess the project's legality

• To know how much money is needed from investors or loans

• To evaluate the project's resources

What is the purpose of a feasibility study in terms of timeline?

• To evaluate the project's legality

• To assess the project's financial condition

• To examine whether the initial timeline is reasonable

• To determine the project's resources

What does understanding the legality of a project help determine?

• The project's timeline

• The project's financial needs

• Whether the project conflicts with legal requirements

• The project's resource requirements

What is usually written last in a feasibility study?

• The financial assessment

• The timeline

• The introduction

• The conclusions or recommendations

What does understanding marketing requirements help with?

• Increasing legal compliance

• Improving public relations

• Optimizing sales and increasing ROI

• Restructuring teams