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