👉 Nonfeasibility is a concept in accounting and economics that refers to an event or situation where a company has not met its financial obligations, such as paying taxes, repaying debts, or fulfilling other commitments. In this sense, it can be seen as a lack of performance or failure to meet certain financial milestones or deadlines. Nonfeasibleness is often characterized by the inability to satisfy the obligations that are owed, which may include both legal and non-legal obligations. It can arise from various reasons
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What is the definition of Nonfeasibility? 🙋
👉 Non-feasibility is a concept in economics and management, which refers to situations or circumstances where it is not possible to achieve or fulfill an objective. It is often used to describe situations where there are limitations on resources, time, or other factors that prevent a particular action from taking place. In the context of nonfeasibility, "feasibility" typically refers to achieving or fulfilling an objective with all necessary conditions. However, in non-feasible scenarios, it may be possible but not desirable
