The Option to Expand Is a Type of Financial Option

question 56

True/False

The option to expand is a type of financial option.

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Definitions:

Continuously Variable Signal

A signal that can assume an infinite number of values within a given range, as opposed to discrete signals.

Analog

Referring to a type of signal or information that varies continuously over a range, unlike digital signals which are discrete.

Discrete Input

A discrete input is a type of digital signal input to a control system or device indicating a binary condition, such as on/off.

PLC

Programmable Logic Controller, a robust computer used in industrial automation for controlling machinery and processes.