What is the common name of the following compound? 
Definitions:
Flexibility Option
An investment option that provides the holder with the ability to respond to changes in the financial market or business environment.
Surrogate Beta
Surrogate beta is a method used in finance to estimate the beta of a project or investment by using the beta of a similar, publicly traded company or project as a proxy.
Pure Play Method
A valuation technique that involves comparing the firm of interest to another company that has a single line of business similar to the target company.
Real Option
The right, but not the obligation, to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a project at a future date.
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