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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
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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:

  1. Economic Analysis: Evaluates cost-effectiveness and potential financial benefits.
  2. Technical Feasibility: Examines the technology and resources needed.
  3. Legal Feasibility: Looks at regulatory and compliance issues.
  4. Operational Feasibility: Considers how well the proposed system fits within the organization.

Analysis and Detail

Among the options provided:

  1. Economic Analysis - This is about determining if the project can generate enough return on investment.
  2. Algorithm Design - This pertains more to software development and not directly to feasibility.
  3. User Interface Design - Focuses on how users interact with a system, which is more about functionality than feasibility.
  4. 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.

This problem has been solved

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