Can you please help me answer these questions. I think they are all wrong.

I. This option allows a firm to shut down a project if its cash flows are lower than expected. II. This option allows a project to be expanded if demand turns out to be greater than expected III. This option allows the outputs of the production process to be altered if market conditions change during a project's life IV. This option allows a firm to postpone a project until it can gather more information or market conditions change. Which of the listed statements best describes an abandonment option? Statement 1 O statement Statement III O Statement IV O None of the statements listed above describes an abandonment option. Real option analysis adds value to a project when it is used for which of the following? Check all that apply. Increasing the riskiness of the capital project and decreasing the project's cash flows Expanding the way that managers view risk and uncertainty, seeing them as phenomena to be appreciated and exploited rather than feared and avoided Making managers aware of the consequences of their decisions and actions on the creation or destruction of value for a capital project X Modifying the way that decision makers perceive flexibility in capital budgeting activities