Commerce Exam > Commerce Questions > Which of the following type of feasibility is...
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Which of the following type of feasibility is concerned with the legal and corporate structure of the business?
- a)Market feasibility
- b)Technical Feasibility
- c)Financial feasibility
- d)Organizational feasibility
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following type of feasibility is concerned with the legal...
Organizational feasibility
The type of feasibility concerned with the legal and corporate structure of the business is organizational feasibility. This involves evaluating whether the business has the necessary organizational structure, resources, and capabilities to successfully implement the proposed project. It considers the following factors:
- Legal structure: Assessing whether the business complies with all legal requirements and regulations.
- Corporate structure: Evaluating the hierarchical structure, roles, and responsibilities within the organization.
- Resources: Examining the availability and adequacy of financial, human, and technological resources to support the business.
- Capabilities: Assessing the skills and expertise of the workforce to effectively carry out the project.
- Management team: Evaluating the qualifications and experience of the management team in leading and managing the business.
By considering these factors, organizational feasibility helps determine whether the business has the necessary foundation to operate legally and efficiently.
Community Answer
Which of the following type of feasibility is concerned with the legal...
Organizational Feasibility
Organizational feasibility is concerned with the legal and corporate structure of the business. This type of feasibility focuses on whether the company has the capability to implement the proposed business idea effectively. Here are some key points to consider:
Legal Compliance:
- Assessing whether the business complies with all legal requirements and regulations in the industry.
- Ensuring that the company is structured in a way that protects its assets and minimizes legal risks.
Corporate Structure:
- Evaluating the organizational structure of the business, including the roles and responsibilities of key personnel.
- Determining if the company has the necessary resources and expertise to successfully execute the business plan.
Risk Management:
- Identifying potential risks and challenges that may impact the business operations.
- Developing strategies to mitigate risks and ensure the long-term sustainability of the business.
Corporate Governance:
- Establishing proper governance practices to ensure transparency, accountability, and ethical conduct within the organization.
- Implementing policies and procedures to promote good corporate citizenship and stakeholder engagement.
In conclusion, organizational feasibility is crucial for the success of a business as it helps in ensuring that the legal and corporate structure is well-defined and capable of supporting the business goals.
Organizational feasibility is concerned with the legal and corporate structure of the business. This type of feasibility focuses on whether the company has the capability to implement the proposed business idea effectively. Here are some key points to consider:
Legal Compliance:
- Assessing whether the business complies with all legal requirements and regulations in the industry.
- Ensuring that the company is structured in a way that protects its assets and minimizes legal risks.
Corporate Structure:
- Evaluating the organizational structure of the business, including the roles and responsibilities of key personnel.
- Determining if the company has the necessary resources and expertise to successfully execute the business plan.
Risk Management:
- Identifying potential risks and challenges that may impact the business operations.
- Developing strategies to mitigate risks and ensure the long-term sustainability of the business.
Corporate Governance:
- Establishing proper governance practices to ensure transparency, accountability, and ethical conduct within the organization.
- Implementing policies and procedures to promote good corporate citizenship and stakeholder engagement.
In conclusion, organizational feasibility is crucial for the success of a business as it helps in ensuring that the legal and corporate structure is well-defined and capable of supporting the business goals.
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Which of the following type of feasibility is concerned with the legal and corporate structure of the business?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer?
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Which of the following type of feasibility is concerned with the legal and corporate structure of the business?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which of the following type of feasibility is concerned with the legal and corporate structure of the business?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following type of feasibility is concerned with the legal and corporate structure of the business?a)Market feasibilityb)Technical Feasibilityc)Financial feasibilityd)Organizational feasibilityCorrect answer is option 'D'. Can you explain this answer?.
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