Mgmt627 GDB No. 1 solution
Wednesday, November 10, 2010 Posted In HRM Edit This
Economic Feasibility involves the feasibility of the proposed project to generate economic benefits.It is said that "even when a project is non-profit in nature, economic feasibility is critical."
Evaluate the above statement with an example.
The non profit project also requires the cost and risk analysis. for example: ABC is a non profit organization, it has a project of construction of a school for poor childs. the project requires the cost benifit analysis in term of that what will be the operation costs, how much will be the wages, which equipments will be required, what kind of benifits the society will have from it and how much time the project will be completed. all of these facts are related to economic feasibility.
Evaluate the above statement with an example.
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As we know that econocmic feasiblity is used to analyze the cost benifits, risk analysis and the revenue that will be generated from the project.
The non profit project also requires the cost and risk analysis. for example: ABC is a non profit organization, it has a project of construction of a school for poor childs. the project requires the cost benifit analysis in term of that what will be the operation costs, how much will be the wages, which equipments will be required, what kind of benifits the society will have from it and how much time the project will be completed. all of these facts are related to economic feasibility.
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Another:
Following are some characteristics of organizational structures. Identify whether it is Mechanistic or Organic, also justify it with a valid reason.
Serial No.
Structure's Characteristics
Options
Right Answer
Reason
1
Extensive use of policy & Standard
working Procedures
Mechanistic/Organic
2.
Right to manage tasks is delegated.
Mostly communication is lateral
Mechanistic/Organic
3.
Persistence on devotion to the concern and respect to superiors as a condition of membership.
Mechanistic/Organic
4.
Information and suggestions rather than commands and decisions.
Mechanistic/Organic
Serial No.
Structure's Characteristics
Options
Right Answer
Reason
1
Extensive use of policy & Standard
working Procedures
Mechanistic/Organic
2.
Right to manage tasks is delegated.
Mostly communication is lateral
Mechanistic/Organic
3.
Persistence on devotion to the concern and respect to superiors as a condition of membership.
Mechanistic/Organic
4.
Information and suggestions rather than commands and decisions.
Mechanistic/Organic
The answer can be drive from Lecture No. 14, Page no. 44 of the handouts
