Which statement(s) is/are correct regarding the feasibility study? I. It…
2021
Which statement(s) is/are correct regarding the feasibility study? I. It determines whether developing the product is financially feasible. II. It determines whether developing the product is technically feasible.
- A.
Only I
- B.
Only II
- C.
Both I and II
- D.
Neither I nor II
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Correct answer: C
A feasibility study assesses the viability of a project before implementation. It specifically evaluates financial aspects to ensure cost-effectiveness and technical aspects to confirm capability. Therefore, both statements regarding financial and technical feasibility are correct components of this study.