Which of the following statements about a project feasibility study is true?

a.

The feasibility study is based on available information and opinions of those

involved in the preparation of such study.

b.

The feasibility study shows the actual results of operations of a business proposal.

c.

The feasibility study is not affected by any significant change in actual business

conditions as compared to the assumptions used when the forecasts were

d.

A feasibility study is a plan for the conduct of business for a planning period and

includes the budgeted income statement and all its supporting budgets.