Question 12 12 points) Listen A proposal is said to be feasible when: 1) there is a high level of certainty that goals will be attained. 2) there is a reasonable likelihood of satisfying explicit objectives. 3) a selected course of action is tested for fit to a context of specific constraint and limited resources. 4) the amount and timing of required cash expenditures and expected cash inflows are assessed in the context of the degree of confidence that attaches to the estimates. Question 13 (2 points) Listen Feasibility studies address the question of: 1) what will work. 2) what should be done. 3) which alternative course of action will achieve the best results in terms of the investor's objectives 4) philosophical limitations. Question 14 (2 points) Listen As the term is conventionally used in real estate, for a proposal to be feasible. it need