Which of the following is an example of an option to delay? Multiple choice question. A firm purchases land today but decides to construct the plant in two years based on future demand for its product A firm invests in two technologies, fuel and natural gas, with the intention of using the technology that will be cheaper. A university builds an additional floor in its new building to make provision for potential growth due to development of new programs in 5 years. A firm leases equipment today with a choice to cancel the lease next year if the demand is lower than expected