Viewing Strategy as a Portfolio of Options Rather Than a Portfolio

question 28

Multiple Choice

Viewing strategy as a portfolio of options rather than a portfolio of investments,relies upon the rationale that:

• A)Uncertainty means that flexibility is valuable
• B)Committing to a long-term program of investment can be disastrous if circumstances change
• C)Most investment projects can be divided into a sequence of stages where,at any point of time,it is only necessary to decide the next stage
• D)All of the above

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Definitions:

Human Rights

The fundamental rights and freedoms that every person is entitled to, regardless of nationality, place of residence, sex, national or ethnic origin, color, religion, language, or any other status.

Trade Unions

Organizations formed by workers from related fields that work toward protecting their mutual interests and improving conditions such as wages, working hours, and workplace safety.

Protective Legislation

Laws designed to ensure the safety and rights of individuals, particularly workers, by setting standards for work conditions, hours, and benefits.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the right to sue their employer.