Which statement(s) is/are correct regarding the feasibility study?
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
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Correct answer: (C) Both I and II
Explanation
A feasibility study checks whether a project is worth doing, including financial (economic) feasibility and technical feasibility, along with operational and schedule aspects.