According to GM FY2015 10K (get financials here: https://www.sec.gov/Archives/edgar/data/1467858/000146785816000255/gm201510k.htm) , GM "continued to consolidate our Venezuelan subsidiaries because of recent favorable election results, settlements of new debt by the Venezuelan government, participation in SIMADI currency exchange and vehicle production in the year ended December 31, 2015." (1) Using Trigeorgis or Mun terminology, what real option type or types most closely describes GM's real option strategy in Venezuela? (2) What statements in the 10K makes you conclude that? (3) What would Ross et al call this option strategy? (4) Based on GM FY2017 10K, was GM's strategy successful or a failure? (5) Why?

Group of answer choices

(1) Abandonment; (2) The abandonment strategy is evident in the impairment of Goodwill and the devaluation of assets from FY2013-15; (3) A Collar; (4) Failure; (5) GM took a $800 million hit when the government of Venezuela seized GM's facilities in 2017.

(1) Abandonment; (2) The abandonment strategy is evident in the impairment of Goodwill and the devaluation of assets from FY2013-15; (3) Divestiture; (4) Successful; (5) GM only took a $80 million hit when the government of Venezuela seized GM's facilities in 2017.

(1) Abandonment; (2) The abandonment strategy is evident in the impairment of Goodwill and the devaluation of assets from FY2013-15; (3) A Divestiture; (4) Successful; (5) GM only took a $80 million hit when the government of Venezuela seized GM's facilities in 2017.

(1) Both an "Abandonment" Put and a "Wait and See" Call; (2) The abandonment strategy is evident in the impairment of Goodwill and the devaluation of assets from FY2013-15. In terms of the Wait and See Call strategy, GM further signals, "Absent ongoing vehicle production, our Venezuelan subsidiaries may require additional financial support. At this time no decision has been made whether we will provide further financial support if required."; (3) A Collar; (4) Successful; (5) GM only took a $80 million hit when the government of Venezuela seized GM's facilities in 2017.

(1) Both an "Abandonment" Put and a "Wait and See" Call; (2) The abandonment strategy is evident in the impairment of Goodwill and the devaluation of assets from FY2013-15. In terms of the Wait and See Call strategy, GM further signals, "Absent ongoing vehicle production, our Venezuelan subsidiaries may require additional financial support. At this time no decision has been made whether we will provide further financial support if required."; (3) A Divestiture; (4) Failure; (5) GM only took a $800 million hit when the government of Venezuela seized GM's facilities in 2017.

(1) Both an "Abandonment" Put and a "Wait and See" Call; (2) The abandonment strategy is evident in the impairment of Goodwill and the devaluation of assets from FY2013-15. In terms of the Wait and See Call strategy, GM further signals, "Absent ongoing vehicle production, our Venezuelan subsidiaries may require additional financial support. At this time no decision has been made whether we will provide further financial support if required."; (3) A Collar; (4) Failure; (5) GM took a $800 million hit when the government of Venezuela seized GM's facilities in 2017.