Though complicated, real options help managers make more informed decisions in selecting projects that add value to a firm. Which type of real option allows a project to be expanded if demand turns out to be greater than expected? O Growth option Abandonment option O Investment timing option Which type of real option allows a firm to postpone a project until it can gather more information? O Investment timing option O Abandonment option O Growth option O Flexibility option Consider the following situation Robben, an options analyst, recently conducted a workshop for MBA students on valuing options. He made the following statement: "In general, investment timing options make it less likely for a project to be immediately accepted today." Is Robben's statement true? O No O Yes expected NPV of a project, and it makes This is because, often, if a firm can delay a decision, it can sense to wait and make a more calculated decision about accepting or rejecting the project