Economic feasibility is determined by identifying costs and benefits associated with the system, assigning values to them, and then calculating the cash flow and return on investment for the project.

Question

Quizplus · Accepted Answer

This statement is true. Economic feasibility analysis involves identifying and evaluating the costs and benefits of a proposed system or project, and determining whether the financial gains of the project justify the investment. This process typically involves calculating cash flow, return on investment, and other financial metrics.

Economic Feasibility Is Determined by Identifying Costs and Benefits Associated