2.04 Explore the Possibilities

Front

A feasibility study is an organized inquiry into the possible success of a business idea or venture.

Back

True

Front

Government Agencies do not use feasibility studies.

Back

False

Front

Which is not a purpose of a feasibility study? Options: to help owners/managers not make a sound informed decision, to determine whether or not the venture can succeed, to explore the venture's strengths and weaknesses, to discover any "make or break" issues

Back

to help owners/managers not make a sound informed decision

Front

Understanding risks and benefits is an advantage of a feasibility study.

Back

True

Front

When the idea is not promising you should still conduct a feasibility study.

Back

False

Front

What is step one in conducting a feasibility study?

Back

determine whether or not you should hire a professional

Front

What is Step six in conducting a feasibility study?

Back

assess your technical needs

Front

What is Step 8 in conducting a feasibility study?

Back

present the feasibility study

Front

Is using a former employer's feasibility study ethical or Un-ethical?

Back

Unethical

Front

How many steps are in a feasibility study?

Back

Eight