BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Study on Scale of operations
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Study on Technical Know-how
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Study on Plant layout
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Study on effect of the project on the whole economy
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Detailed explanation-1: -It is a systematic process for examining alternative uses of resources, focusing on assessment of needs, objectives, options, costs, benefits, risks, funding, affordability and other factors relevant to decisions.
Detailed explanation-2: -Project appraisal is useful in following ways; It helps in arriving at specific & predicted results. It evaluates the desirability of the projects. It provides information to determine the success or failure of a project.
Detailed explanation-3: -Appraisal involves a careful checking of the basic data, assumptions and methodology used in project preparation, an in-depth review of the work plan, cost estimates and proposed financing, an assessment of the project’s organizational and management aspects, and finally the viability of project.