Your business analysts work with you in developing a situation statement. There is also a feasibility study conducted simultaneously. What is the purpose of the feasibility study? Select an answer:to determine the impact of the proposed solutions on company financesto determine the likelihood that proposed solutions can be realizedto determine the most appropriate of the proposed solutions

The importance of feasibility study cannot be overemphasized as it          *1 pointprovides comprehensive details about the business to determine if, and how it can succeed, and serve as a valuable tool for developing a good business plandoes not list in details all the things you need to make the business works.does not identify logistical and other business related problems and solutions.does not serve as a solid foundation for developing your business plan.

Why is technical feasibility important in business analysis?  A. To assess the potential market demand for the idea  B. To evaluate the ability of the idea to grow and expand over time  C. To determine the size of the target market and potential demand for the idea  D. To evaluate the technical, financial, and operational viability of the idea

Why should an entrepreneur do a feasibility study before starting a new venture?*1 pointTo identify possible sources of fundsTo see if there are possible barriers to successTo estimate the expected salesTo explore potential customers

A feasibility study is simply an assessment of the practicality of a proposed project plan or method. This is done by analyzing technical, economic, legal, operational and time feasibility factors. Just as the name implies, you’re asking, “Is this feasible?” For example, do you have or can you create the technology that accomplishes what you propose? Do you have the people, tools and resources necessary? And, will the project get you the ROI you expect?

Feasibility analysis may be defined as a(n)_______________________.a.assessment of the ability of the ultimate users of the system to accept the system and incorporate it into the ongoing operations of the organizationb.guide to determining whether to proceed with a projectc.identification of only the costs and benefits associated with the projectd.determination of the extent to which the system can be technically designed, developed, and installed