Feasibility Study Summative Test Chapter 1-2

1) It is a systematic investigation which ascertains whether a business undertaking is viable and if so the degree of its profitability.

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2) This section describes the nature of a project and the product or service it will provide.

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3) This step is a delicate process in business planning. The business might carry the chosen trade name for the next five decades or more.

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4) It refers to the excess of all costs and expenses over revenue.

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5) It has a direct relationship to the factors affecting the preparation of the feasibility study.

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6)  It includes social benefits, economic benefits and environmental benefits.

(a)  

7) It presents the highlights of the study, list its major assumptions and summarizes the major findings and conclusions.

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8) It means that there is a high degree of truthfulness in the available data, the analysis and evaluation and the conclusion of the study

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9) It involves environmental analysis, demand and supply analysis, price study, market share analysis and marketing program.

(a)  

10) A feasibility study can either be for a new project or for the expansion of an existing business enterprise.

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