Question 1

What does a Feasibility Study determine regarding a business?

Accepted Answer

It determines the issues related to a business and helps decide if the business will possibly succeed.

Answer

It determines the issues related to employee costs and generates a plan of action to reduce costs.

Answer

It determines issues related to manufacturing and logistics through data analysis.

Answer

It determines issues related to customer service through surveys.

Question 2

Which analysis gathers important data to determine if customer needs will be met?

Accepted Answer

Market analysis

Answer

Organizational competence

Answer

Competitive analysis

Answer

Financial analysis

Question 3

Which of the following is NOT a purpose of a Feasibility Study?

Accepted Answer

Establish market trends

Answer

Specify business alternatives

Answer

Give focus to the project and outline alternatives

Answer

Provide quality information for decision making

Question 4

How does a Feasibility Report function?

Accepted Answer

It starts from a stated need or choices and then recommends one, some or none.

Answer

It provides a studied opinion and compares to a set of requirements.

Answer

It studies a situation and gives a recommendation.

Answer

It provides an opinion or judgement rather than a yes-no-maybe answer.

Question 5

Which of the following is included in a Feasibility Study?

Accepted Answer

Financial Feasibility Study

Answer

Demographic Feasibility Study

Answer

Resources Feasibility Study

Answer

Physical Feasibility Study

Question 6

Which is NOT considered in determining the viability of a new business venture?

Accepted Answer

Industry Feasibility

Answer

Financial Feasibility

Answer

Market Feasibility

Answer

Technical Feasibility

Question 7

What is the primary distinction between a Feasibility Study and a Business Plan?

Accepted Answer

The Feasibility Study provides an investigating function while the Business Plan provides the planning function.

Answer

The Feasibility Study is conducted after the business plan.

Answer

All choices are correct.

Answer

The Feasibility Study deals with only one alternative or scenario.

Question 8

Which statement is true regarding the role of a Feasibility Study?

Accepted Answer

Before anything is invested in a new business venture, a Feasibility Study is carried out to know if the business venture is worth the time, effort, and resources.

Answer

A Business Plan is carried out to find workability.

Answer

A Feasibility Study is made up of tactics and strategies.

Answer

A Business Plan is filled with calculations.

Question 9

What can be a subject for a Feasibility Study?

Accepted Answer

All choices are correct.

Answer

New Product Development

Answer

Expansion of the existing business

Answer

A new venture

Question 10

What does assessing project viability determine in a Feasibility Study?

Accepted Answer

Whether the project should be pursued or abandoned

Answer

The detailed implementation plan

Answer

The exact profit margin of the project

Answer

The marketing strategy

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