If a Project Has Optionality

question 33

Multiple Choice

If a project has optionality:

• A)the shorter the available life of the project the less valuable the project is.
• B)the longer the available life of the project the less valuable the project is.
• C)the shorter the available life of the project the more valuable the project is.
• D)available project life does not change optionality.
• E)None of the above.

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Definitions:

Loose Culture

A culture that has relaxed social norms and allows conformity by members to vary a good deal.

Uncertainty Avoidance

A cultural or organizational characteristic where members prefer structured situations over ambiguity, aiming to minimize the unpredictability of future events.

Ecological Fallacy

The error of making inferences about individuals based on aggregate data for a group.

Uncertainty-Avoidance Cultures

Cultures that have a low tolerance for uncertainty and ambiguity, leading to well-established norms and rules to minimize the unpredictability of future events.