Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Week 13: Feasibility Study & Risk Assessment week 13 MAY25C

Total questions: 87

Worksheet time: 44mins

Name
Class
Date
1.

Based on the introduction, the main topics that will be covered in Week 13's lecture on Feasibility Study & Risk Assessment are:

a)

Feasibility Study and Risk Assessment

b)

Marketing Strategies and Sales Techniques

c)

Software Development Life Cycle and Testing

d)

Financial Accounting and Auditing

2.

What is the definition of a feasibility study? Fill in the blank: A feasibility study is a comprehensive analysis conducted to determine if a project or business venture is ______ and worth pursuing.

a)

viable

b)

expensive

c)

obsolete

d)

illegal

3.

Which of the following is NOT a key component of a feasibility study?

a)

Market feasibility

b)

Technical feasibility

c)

Financial feasibility

d)

Artistic feasibility

e)

Organisational feasibility

4.

According to the real-world example, which company conducted an extensive feasibility study for its Gigafactory to identify optimal locations and resource requirements?

a)

Tesla

b)

Apple

c)

Amazon

d)

Toyota

5.

Fill in the blank: ________ Feasibility evaluates market conditions, customer demand, and competitive landscape to determine if there's a viable market.

a)

Market

b)

Technical

c)

Financial

d)

Operational

6.

Fill in the blank: ________ Feasibility confirms the project complies with relevant laws, regulations, and contractual obligations.

a)

Legal

b)

Technical

c)

Operational

d)

Economic

7.

Fill in the blank: ________ Feasibility assesses whether the necessary technology, expertise and resources are available to execute the project.

a)

Technical

b)

Economic

c)

Operational

d)

Legal

8.

Fill in the blank: ________ Feasibility examines project costs, revenue projections, and funding sources to determine financial viability.

a)

Financial

b)

Technical

c)

Operational

d)

Legal

9.

Fill in the blank: ________ Feasibility evaluates if the organisation has the structure, culture, and capabilities to support the project.

a)

Organisational

b)

Technical

c)

Economic

d)

Legal

10.

Fill in the blank: One of the benefits of feasibility is ________, which identifies potential obstacles and challenges before significant resources are committed.

a)

Risk Mitigation

b)

Resource Allocation

c)

Market Expansion

d)

Revenue Generation

11.

Fill in the blank: ________ helps allocate financial, human, and technical resources more efficiently as a benefit of feasibility.

a)

Resource Optimisation

b)

Market Expansion

c)

Risk Ignorance

d)

Cost Escalation

12.

Fill in the blank: Informed Decision-Making as a benefit of feasibility provides ________ insights for go/no-go decisions.

a)

data-driven

b)

random

c)

subjective

d)

uninformed

13.

Fill in the blank: Stakeholder Alignment creates a shared understanding of ________ among all stakeholders as a benefit of feasibility.

a)

project parameters

b)

financial risks

c)

marketing strategies

d)

technical jargon

14.

Which company's feasibility study for entering the Chinese market revealed unique regulatory challenges and cultural preferences?

a)

Uber

b)

Airbnb

c)

Booking.com

d)

Expedia

15.

What is the first step in the Mini Feasibility Study class activity?

a)

Conduct a market analysis

b)

Form groups of 4-5 students and select a hypothetical product idea

c)

Present findings to the class

d)

Reflect on challenges encountered

16.

What type of assessments are conducted during the Rapid Analysis step?

a)

Only financial assessments

b)

Only technical assessments

c)

Market, technical, and financial feasibility assessments

d)

Only market assessments

17.

During the Presentation step, what is each group required to do?

a)

Write a report

b)

Share key findings in a 2-minute presentation

c)

Form new groups

d)

Conduct a survey

18.

What is the main focus of the Discussion step in the Mini Feasibility Study class activity?

a)

Select a product idea

b)

Conduct technical assessments

c)

Reflect on challenges encountered and insights gained during the exercise

d)

Present findings

19.

What is the definition of risk assessment? Fill in the blank: Risk assessment is a systematic process of identifying potential hazards and evaluating associated risks to determine appropriate ________ measures.

a)

control

b)

financial

c)

marketing

d)

decorative

20.

Which of the following is NOT a type of risk mentioned in the introduction to risk assessment?

a)

A) Strategic risks

b)

B) Operational risks

c)

C) Financial risks

d)

D) Environmental risks

21.

Select any two types of risks mentioned in the introduction to risk assessment.

a)

Physical and chemical risks

b)

Financial and emotional risks

c)

Technological and social risks

d)

Legal and ethical risks

22.

Fill in the blank: Risk assessment forms the backbone of effective project management and business planning by allowing organisations to ________ problems.

a)

anticipate

b)

ignore

c)

create

d)

delay

23.

Risk assessment is only important for financial planning.

a)

True

b)

False

24.

Which step in the Risk Assessment Process involves systematically identifying potential risks that could affect project objectives using techniques like brainstorming and checklists?

a)

Risk Identification

b)

Risk Analysis

c)

Risk Monitoring

d)

Risk Response Planning

25.

Which step in the Risk Assessment Process is described as: 'Determine the probability and potential impact of each identified risk using qualitative and quantitative methods.'?

a)

Risk Analysis

b)

Risk Identification

c)

Risk Monitoring

d)

Risk Communication

26.

Which step in the Risk Assessment Process involves comparing risk levels against established criteria to determine which risks require treatment?

a)

Risk Evaluation

b)

Risk Identification

c)

Risk Communication

d)

Risk Monitoring

27.

Which step in the Risk Assessment Process is about developing strategies to address significant risks through avoidance, mitigation, transfer, or acceptance?

a)

Risk Treatment

b)

Risk Identification

c)

Risk Analysis

d)

Risk Monitoring

28.

Which step in the Risk Assessment Process involves continuously tracking risks and the effectiveness of treatment strategies, adjusting as necessary?

a)

Monitoring and Review

b)

Risk Identification

c)

Risk Analysis

d)

Risk Evaluation

29.

What is a Risk Matrix?

a)

A) A tool that identifies potential causes of system failures

b)

B) A visual tool that plots risks based on probability and impact, helping prioritise response strategies

c)

C) A method showing paths from hazards to consequences with preventive and mitigative controls

30.

What does Fault Tree Analysis do?

a)

Plots risks based on probability and impact

b)

Identifies potential causes of system failures using top-down deductive analysis

c)

Shows paths from hazards to consequences

31.

Bow-Tie Analysis is a visual method showing paths from hazards to consequences with _______ and mitigative controls.

a)

preventive

b)

reactive

c)

passive

d)

corrective

32.

BP's inadequate risk assessment contributed to the _______ disaster, highlighting the importance of thorough analysis (Bozeman, 2018).

a)

Deepwater Horizon

b)

Exxon Valdez

c)

Chernobyl

d)

Three Mile Island

33.

Fill in the blank: In a SWOT analysis, Strengths are internal capabilities that provide ________.

a)

advantage

b)

risk

c)

weakness

d)

threat

34.

Fill in the blank: In a SWOT analysis, Weaknesses are internal limitations that create ________.

a)

disadvantages

b)

opportunities

c)

strengths

d)

advantages

35.

Fill in the blank: In a SWOT analysis, Opportunities are external possibilities for ________.

a)

growth

b)

conflict

c)

decline

d)

regulation

36.

Fill in the blank: In a SWOT analysis, Threats are external challenges that could harm ________.

a)

performance

b)

opportunities

c)

strengths

d)

resources

37.

According to the image, what does Amazon's SWOT analysis reveal?

a)

Strengths in logistics infrastructure and weaknesses in physical retail presence

b)

Weaknesses in logistics infrastructure and strengths in physical retail presence

c)

Only strengths in logistics infrastructure

d)

Only weaknesses in physical retail presence

38.

The first step in the class activity for SWOT analysis is:

a)

Identifying strengths and weaknesses

b)

Creating a marketing plan

c)

Analyzing competitors' products

d)

Developing a financial forecast

39.

Groups are required to do what in the second step of the SWOT analysis activity?

a)

Identify and list the weaknesses of the organization.

b)

Develop an action plan for opportunities.

c)

Summarize the strengths and threats.

d)

Assign roles to each group member.

40.

The purpose of the third step in the SWOT analysis activity is:

a)

To identify opportunities and threats.

b)

To summarize the findings.

c)

To implement the action plan.

d)

To evaluate the strengths and weaknesses.

41.

The fourth step of the SWOT analysis activity involves which of the following actions?

a)

Identifying opportunities and threats

b)

Analyzing strengths and weaknesses

c)

Developing strategies based on the analysis

d)

Collecting data about the organization

42.

Which factor in PESTLE Analysis includes government policies, stability, and regulations?

a)

Political

b)

Economic

c)

Technological

d)

Legal

43.

Which factor in PESTLE Analysis includes inflation, interest rates, and economic growth?

a)

Economic

b)

Political

c)

Legal

d)

Technological

44.

Which factor in PESTLE Analysis includes demographics, cultural trends, and consumer attitudes?

a)

Social

b)

Technological

c)

Legal

d)

Environmental

45.

Which factor in PESTLE Analysis includes innovation, R&D, and automation?

a)

Technological

b)

Political

c)

Legal

d)

Environmental

46.

Which factor in PESTLE Analysis includes employment law, consumer protection, and health & safety?

a)

Legal

b)

Technological

c)

Environmental

d)

Political

47.

Which factor in PESTLE Analysis includes climate change, sustainability, and pollution?

a)

Environmental

b)

Political

c)

Technological

d)

Legal

48.

What is the first step in applying PESTLE analysis? Fill in the blank: The first step is _________.

a)

Factor Identification

b)

Data Collection

c)

Strategy Implementation

d)

Performance Review

49.

What does the Impact Analysis step involve in PESTLE analysis? Fill in the blank: Impact Analysis involves determining how each factor could affect your organisation ________ or ________.

a)

positively; negatively

b)

quickly; slowly

c)

internally; externally

d)

financially; emotionally

50.

What is the main goal of Strategic Planning in PESTLE analysis? Fill in the blank: The main goal is to develop strategies to address ________ and capitalise on ________ identified.

a)

challenges; opportunities

b)

opportunities; challenges

c)

strengths; weaknesses

d)

threats; strengths

51.

Step 4: What should be done regularly according to the PESTLE analysis process? Fill in the blank: Continuously monitor changes in the ________ environment and update analysis accordingly.

a)

external

b)

internal

c)

personal

d)

financial

52.

According to the image, which company's global expansion strategy relied heavily on PESTLE analysis?

a)

Amazon

b)

Netflix

c)

Google

d)

Apple

53.

Fill in the blank: The first step in Technical Viability Assessment is ________, which involves identifying technical needs.

a)

Requirements Analysis

b)

Implementation Planning

c)

System Testing

d)

Deployment

54.

Fill in the blank: The second step in Technical Viability Assessment is ________, which involves assessing available technology.

a)

Resource Evaluation

b)

Market Analysis

c)

Financial Planning

d)

Risk Assessment

55.

Fill in the blank: The third step in Technical Viability Assessment is ________, which involves evaluating technical expertise.

a)

Capability Assessment

b)

Market Analysis

c)

Risk Evaluation

d)

Financial Review

56.

Fill in the blank: The fourth step in Technical Viability Assessment is ________, which involves creating and testing proof of concept.

a)

Prototype Development

b)

Market Analysis

c)

Risk Assessment

d)

Resource Allocation

57.

Which company required extensive prototype testing and engineering analysis for reusable rockets, according to Musk (2017)?

a)

Blue Origin

b)

SpaceX

c)

NASA

d)

Boeing

58.

What does ROI stand for in financial viability assessment?

a)

Return on Investment

b)

Rate of Interest

c)

Revenue on Income

d)

Ratio of Investment

59.

What is the sum of present values of all cash flows, both positive and negative, called?

a)

Net Present Value (NPV)

b)

Internal Rate of Return (IRR)

c)

Payback Period

d)

Future Value (FV)

60.

What is the discount rate that makes the NPV of all cash flows equal to zero called?

a)

Internal Rate of Return (IRR)

b)

Net Present Value (NPV)

c)

Payback Period

d)

Profitability Index

61.

How long is the payback period mentioned in the financial viability assessment for UberEats?

a)

2.5 years

b)

1 year

c)

4 years

d)

6 months

62.

Calculate the Net Present Value (NPV) for both Project A and Project B using the provided cash flows and a discount rate of 10%. What are the NPVs for the two projects?

a)

Project A: $5,000; Project B: $3,500

b)

Project A: $2,000; Project B: $1,500

c)

Project A: $4,000; Project B: $2,500

d)

Project A: $3,000; Project B: $2,000

63.

The Internal Rate of Return (IRR) for Project A is 12% and for Project B is 15%. What are the IRRs for both projects?

a)

Project A: 12%, Project B: 15%

b)

Project A: 10%, Project B: 18%

c)

Project A: 14%, Project B: 13%

d)

Project A: 16%, Project B: 11%

64.

Based on your NPV and IRR calculations for Project A and Project B, which project would you recommend for investment? Justify your answer.

a)

Project A, because it has a higher NPV and IRR.

b)

Project B, because it has a lower NPV and IRR.

c)

Project A, because it has a lower NPV and IRR.

d)

Project B, because it has a higher NPV and IRR.

65.

Fill in the blank: The preliminary evaluation of project viability is known as _________?

a)

Initial Feasibility

b)

Final Review

c)

Project Execution

d)

Risk Assessment

66.

Fill in the blank: Systematic identification of potential risks is referred to as _________.

a)

Risk Identification

b)

Risk Avoidance

c)

Risk Transfer

d)

Risk Acceptance

67.

Fill in the blank: Assessment of risk impact on feasibility is called _________

a)

Impact Analysis

b)

Risk Avoidance

c)

Cost Estimation

d)

Schedule Planning

68.

Fill in the blank: Creating mitigation plans to enhance feasibility is part of _________

a)

Strategy Development

b)

Risk Avoidance

c)

Resource Allocation

d)

Performance Evaluation

69.

Fill in the blank: Ongoing evaluation as conditions change is known as _________?

a)

Continuous Review

b)

Periodic Assessment

c)

Static Analysis

d)

Final Audit

70.

Disney's acquisition of 21st Century Fox demonstrated which integrated approach, with extensive risk assessment informing feasibility studies?

a)

Strategic management

b)

Operational management

c)

Financial restructuring

d)

Human resource planning

71.

What is the term for the tendency to overestimate benefits and underestimate costs, risks, and completion times in feasibility studies?

a)

Overoptimism Bias

b)

Anchoring Effect

c)

Confirmation Bias

d)

Sunk Cost Fallacy

72.

Relying on insufficient or poor-quality data leads to flawed analyses and conclusions. What is this common pitfall called in feasibility studies?

a)

Inadequate Data Collection

b)

Overgeneralization

c)

Confirmation Bias

d)

Excessive Detailing

73.

Failing to consider market conditions, competitive responses, or regulatory responses is an example of which pitfall in feasibility studies?

a)

Neglecting External Factors

b)

Overestimating Internal Capabilities

c)

Ignoring Financial Projections

d)

Misjudging Team Competence

74.

Not considering alternative approaches or scenarios that might yield better outcomes is known as what in feasibility studies?

a)

Tunnel Vision

b)

Comprehensive Analysis

c)

Risk Assessment

d)

Scenario Planning

75.

Fill in the blank: To ensure accuracy and reliability of assessments, it is best to triangulate information from various ________.

a)

sources

b)

colors

c)

numbers

d)

seasons

76.

Which best practice involves including perspectives from different departments and expertise areas to identify blind spots?

a)

Use Multiple Data Sources

b)

Involve Diverse Stakeholders

c)

Conduct Regular Reviews

d)

Perform Scenario Planning

77.

Fill in the blank: Treat feasibility studies and risk assessments as living documents that ________ over time.

a)

evolve

b)

disappear

c)

remain static

d)

degrade

78.

Which best practice involves developing best-case, worst-case, and most-likely scenarios to test the robustness of plans?

a)

Use Multiple Data Sources

b)

Involve Diverse Stakeholders

c)

Conduct Regular Reviews

d)

Perform Scenario Planning

79.

According to the passage, whose project management practices include rigorous feasibility studies with multiple stakeholder inputs?

a)

Google's

b)

Apple's

c)

Microsoft's

d)

Amazon's

80.

According to the slide, what do Microsoft's AI-driven risk assessment tools demonstrate?

a)

How traditional methods are superior to advanced technologies

b)

How advanced technologies can improve prediction accuracy and response times

c)

That risk assessment is unnecessary in modern business

d)

That manual processes are faster than automated ones

81.

Feasibility studies involve comprehensive project viability analysis.

a)

True

b)

False

82.

Which of the following is NOT a type of feasibility study mentioned?

a)

Market

b)

Technical

c)

Financial

d)

Legal

83.

Risk assessment is a systematic process for evaluating potential ________.

a)

risks

b)

benefits

c)

profits

d)

resources

84.

Which of the following is a tool used in risk assessment?

a)

SWOT

b)

PESTLE

c)

Bow-tie analysis

d)

Market analysis

85.

Analysis frameworks include SWOT, which focuses on internal and external factors.

a)

True

b)

False

86.

PESTLE analysis is used to evaluate ________ factors.

a)

macro-environmental

b)

internal

c)

personal

d)

micro-environmental

87.

Technical and financial viability metrics are part of which analysis step?

a)

Feasibility Studies

b)

Risk Assessment

c)

Analysis Frameworks

d)

References