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Questions and Answers
True or false: Feasibility study is a project evaluation tool used by investors to make decisions about undertaking a project.
True or false: Feasibility study is a project evaluation tool used by investors to make decisions about undertaking a project.
True (A)
True or false: The project life cycle consists of only two phases.
True or false: The project life cycle consists of only two phases.
False (B)
True or false: The inputs of a project include labor, capital, technology, and land.
True or false: The inputs of a project include labor, capital, technology, and land.
True (A)
True or false: The main purpose of a project is to achieve net gain in the future by comparing costs and revenues.
True or false: The main purpose of a project is to achieve net gain in the future by comparing costs and revenues.
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True or false: The formulation phase of a project is where the project idea is decided upon.
True or false: The formulation phase of a project is where the project idea is decided upon.
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