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Real options exist when managers have the opportunity, after a project has been implemented, to make operating changes in response to changed conditions that modify the project's cash flows.
Enduring Values
Core principles or standards of behavior that are consistently held over time and are foundational to personal or societal functioning.
Statements
Sentences or expressions that convey opinions, facts, or values, often used to clarify positions or communicate information.
Paradigm
A distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field.
Metaparadigm
A fundamental set of concepts and propositions that defines a discipline's overarching framework or viewpoint.
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