Examlex
________ occurs when actions taken by one party to a transaction are different from what the other party expected at the time of the transaction.
Real Option
The value of additional decision-making flexibility in investment, often under conditions of uncertainty.
Business Conditions
The state of the economic environment affecting the operations and profitability of companies.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values.
Risk Aversion
The premise that most people prefer lower risk investments when expected returns are about equal.
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