Real options can be defined as: Multiple Choice A combination of scenario and sensitivity analyses. Options for future, related business products or strategies. Taking into account the managerial options that are implicit in a project Investigation of what happens to NPV when only one variable is changed. A combination of scenario and sensitivity analyses Options for future, related business products or strategies Taking into account the managerial options that are implicit in a project. O Investigation of what happens to NPV when only one variable is changed. Opportunities that managers can exploit if certain things happen in the future