On the Notion of Embedded Options, Which of the Following

Multiple Choice

On the notion of embedded options, which of the following is/are true?

A) If virtually all projects have embedded options, ignoring options is likely to lead to serious
Undervalution.
B) There are two possible outcomes for virtually every business idea.
C) Virtually every business has both the option to abandon and the option to expand.
D) All of the above.
E) Pundits rely solely on net present value approach for capital budgeting decisions.