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.

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

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.

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

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

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

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

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

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

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