Feasibility Study

1.

Feasibility study is a study on the current and expected availability of human, physical, and financial resources so as to ensure their optimum deployment , that can be measured according to specified criteria in the context of prevailing and predicted commercial and sosioeconomics requirements

A.

True
B.

False

Correct Answer
A. True

Explanation
A feasibility study is indeed a study conducted to assess the current and expected availability of human, physical, and financial resources. The purpose of this study is to determine whether these resources can be optimally deployed and meet the specified criteria in the context of prevailing and predicted commercial and socioeconomic requirements. Therefore, the statement "True" is the correct answer.

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2.

All of the following is a list of types of feasibility study, except :

A.

Site / location feasibility study
B.

Financial
C.

Professional fees

Correct Answer
C. Professional fees

Explanation
The given answer is "Professional fees." This is because professional fees are not a type of feasibility study. Feasibility studies are conducted to assess the viability and potential success of a project or venture. The other options listed, such as site/location feasibility study and financial feasibility study, are common types of feasibility studies that evaluate the suitability of a site/location and the financial aspects of a project, respectively. However, professional fees do not fall under the category of feasibility studies.

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3.

To find out whether or not the project or action taken is appropriate is the function of feasibility study

A.

True
B.

False

Correct Answer
A. True

Explanation
A feasibility study is conducted to determine the viability and suitability of a project or action. It assesses various factors such as technical, economic, legal, and operational aspects to determine if the project can be successfully implemented. By conducting a feasibility study, organizations can evaluate the potential risks, benefits, and challenges associated with the project and make an informed decision about its appropriateness. Therefore, it is correct to say that the function of a feasibility study is to determine whether or not a project or action is appropriate.

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4.

What is the first step of feasibility study process?

Correct Answer
Problem
Study
Study / Problem

Explanation
The first step of a feasibility study process is to identify and define the problem that needs to be addressed. This involves understanding the current situation, determining the objectives and goals, and identifying any constraints or limitations. Once the problem is clearly defined, the next step is to conduct a thorough study of the problem, which includes gathering relevant data, analyzing the information, and evaluating potential solutions. Therefore, the correct answer is "Problem, Study, Study / Problem".

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5.

What is the last step of feasibility study process?

Correct Answer
Report & Decision

Explanation
The last step of the feasibility study process is to prepare a report and make a decision based on the findings. This involves documenting all the information gathered during the study, analyzing the data, and presenting it in a comprehensive report. The report will outline the feasibility of the project or idea, including the potential risks, benefits, costs, and resources required. Based on the report, a decision can then be made whether to proceed with the project or not. This step is crucial as it provides a clear and informed basis for decision-making.

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