What is a key component of a feasibility study?Group of answer choicesEconomic analysisAlgorithm designUser interface designCode comment
Question
What is a key component of a feasibility study?
Group of answer choices:
- Economic analysis
- Algorithm design
- User interface design
- Code comment
Solution
Breakdown of the Problem
To determine the key component of a feasibility study, we need to evaluate the provided choices and understand what a feasibility study typically encompasses.
Relevant Concepts
A feasibility study assesses the practicality and viability of a proposed project or system. The main components generally include:
- Economic Analysis: Evaluates cost-effectiveness and potential financial benefits.
- Technical Feasibility: Examines the technology and resources needed.
- Legal Feasibility: Looks at regulatory and compliance issues.
- Operational Feasibility: Considers how well the proposed system fits within the organization.
Analysis and Detail
Among the options provided:
- Economic Analysis - This is about determining if the project can generate enough return on investment.
- Algorithm Design - This pertains more to software development and not directly to feasibility.
- User Interface Design - Focuses on how users interact with a system, which is more about functionality than feasibility.
- Code Comment - This is related to coding practices and has no relevance to feasibility.
Since economic analysis directly relates to assessing financial viability, it is clearly a fundamental component of a feasibility study.
Verify and Summarize
Upon reviewing the options, Economic Analysis is the essential component of a feasibility study, while the other options are specific to implementation or development.
Final Answer
The key component of a feasibility study is Economic Analysis.
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