Examlex
China is the largest spender on research and development in the world (in total dollars or dollar equivalents).
Real Options
An approach in finance where choices are treated as derivative securities that managers can use to maximise returns while deferring investment decisions.
Expected NPV
An estimation of the Net Present Value of a project or investment, considering the potential outcomes and their probabilities.
Obligation
A legal or financial duty or commitment one party owes to another, often in the form of debts or contractual agreements.
Flexibility Options
Options within contracts or agreements that allow for adjustments based on varying circumstances or needs.
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