Feasibility Study Quiz

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Feasibility Study Quiz - Quiz

How much do you know about feasibility? Can you pass this feasibility study quiz? A feasibility study is understood as a detailed analysis that takes all of the critical aspects of a proposed project in order into consideration to determine the likelihood of its success. Success in business may be known primarily by return on investment. It means that the project is going to generate enough profit to justify the investment. Let's test your knowledge about feasibility studies with this quiz.


Questions and Answers
  • 1. 

    The feasibility study is an evaluation or analysis of the potential impact of a proposed project related to financial and operational impact and will include advantages and disadvantages of both the current situation and the proposed plan.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    A feasibility study is indeed an evaluation or analysis of the potential impact of a proposed project. It assesses the financial and operational implications of the project and considers the advantages and disadvantages of both the current situation and the proposed plan. This study helps determine if the project is viable and worth pursuing. Therefore, the given answer "True" is correct.

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  • 2. 

    RIBA plan has 12 stages. FS is done in stage.

    • A.

      1

    • B.

      2

    • C.

      3

    • D.

      4

    Correct Answer
    B. 2
    Explanation
    The correct answer is 2 because the question states that FS (which stands for Feasibility Study) is done in a particular stage of the RIBA plan. Since the RIBA plan has 12 stages and the question does not specify any other stage for FS, we can conclude that FS is done in stage 2.

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  • 3. 

    Why is FS prepared?

    • A.

      Achieved maximum profit Achieved maximum profit

    • B.

      Increase construction cost according to design criteria, quality & space.

    • C.

      Reduce social benefits

    • D.

      Maximize risks & uncertainty

    Correct Answer
    A. Achieved maximum profit Achieved maximum profit
    Explanation
    The reason FS (Feasibility Study) is prepared is to achieve maximum profit. This means that the study is conducted to assess the profitability of a project or venture and determine the potential financial gains that can be achieved. By analyzing various factors such as construction costs, design criteria, quality, space, social benefits, and risks, the study aims to identify the most profitable course of action and maximize the financial returns.

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  • 4. 

    Social FS is a major type of FS.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The statement "Social FS is a major type of FS" is false. This means that Social FS is not a major type of FS.

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  • 5. 

    Who prepared FS?

    • A.

      Developer

    • B.

      Engineer

    • C.

      Planning Authority

    • D.

      Quantity Surveyor

    Correct Answer
    D. Quantity Surveyor
    Explanation
    A Quantity Surveyor is responsible for preparing the Financial Statements (FS) in construction projects. They are experts in cost estimation, budgeting, and financial management. They analyze the project's costs, monitor expenses, and ensure that the project stays within budget. They also prepare detailed reports and financial statements that provide an overview of the project's financial status. Their role is crucial in ensuring accurate financial reporting and effective cost control in construction projects.

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  • 6. 

    Who required FS?

    • A.

      Developer, quantity surveyor, banker, and planning authorities

    • B.

      Developer, banker, quantity surveyor, and planning authorities

    • C.

      Developer, investor, banker, and quantity surveyor

    • D.

      Developer, investor, banker, and planning authorities

    Correct Answer
    D. Developer, investor, banker, and planning authorities
    Explanation
    The correct answer is "Developer, investor, banker, and planning authorities." All of these parties involved in a construction project require a feasibility study (FS). The developer needs the FS to determine the viability of the project and assess potential risks. The investor relies on the FS to make informed decisions about investing in the project. The banker needs the FS to evaluate the financial feasibility and determine the loan terms. Lastly, the planning authorities require the FS to review and approve the project based on its feasibility and compliance with regulations.

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  • 7. 

    Which of the following is one of the criteria for a feasible project?

    • A.

      FS does not show the available construction industry.

    • B.

      Expected return, expenditure, and time meet the criteria specified.

    • C.

      The degree of uncertainty is so great.

    • D.

      The expected economic condition does not meet the client's criteria.

    Correct Answer
    B. Expected return, expenditure, and time meet the criteria specified.
    Explanation
    The criteria for a feasible project include expected return, expenditure, and time meeting the specified criteria. This means that the project should have a projected return on investment that is in line with the expectations, the expenditure should be within the allocated budget, and the project should be completed within the specified timeframe. These criteria are important for assessing the viability and success of a project.

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  • 8. 

    Development cost is the total cost of building cost + external works or infrastructure cost.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The statement is false because development cost is not the total cost of building cost plus external works or infrastructure cost. Development cost refers to the total cost incurred in the process of developing a project, which includes various expenses such as land acquisition, design and planning costs, construction costs, legal fees, marketing expenses, and other related expenses. It is not limited to just building cost and external works or infrastructure cost.

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  • 9. 

    Which of the following types of FS?

    • A.

      Site/ location FS

    • B.

      Economics FS

    • C.

      Marketing FS

    • D.

      Entertainment FS

    • E.

      Financial FS

    • F.

      Design FS

    Correct Answer(s)
    A. Site/ location FS
    B. Economics FS
    C. Marketing FS
    E. Financial FS
    F. Design FS
    Explanation
    The correct answer is all of the above options. The question is asking for the types of FS (which stands for "financial statements" in this context). The given options include site/location FS, economics FS, marketing FS, entertainment FS, financial FS, and design FS. Therefore, the correct answer is all of the above options.

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  • 10. 

    Which of the following part of the preparation process of FS?

    • A.

      Definition of problem/study

    • B.

      Data collection

    • C.

      Analysis

    • D.

      Synthesis

    • E.

      Evaluation

    • F.

      Report and Decision

    Correct Answer(s)
    A. Definition of problem/study
    B. Data collection
    C. Analysis
    D. Synthesis
    E. Evaluation
    F. Report and Decision
    Explanation
    The correct answer is the complete list of steps involved in the preparation process of FS. The first step is the definition of the problem or study, where the objectives and scope of the study are established. The next step is data collection, where relevant information is gathered. Analysis is the third step, where the collected data is examined and interpreted. Synthesis is the fourth step, where the findings from the analysis are combined and integrated. Evaluation is the fifth step, where the results are assessed and conclusions are drawn. Finally, the report and decision step involves presenting the findings and making informed decisions based on the evaluation.

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