Which of the following statements is FALSE regarding real options?

Question 14 options:

	Real options are most valuable when the firm have exclusive rights to invest, which can arise from government issued licenses, scarcity of the resources, etc.
	Option pricing models should be applied in all asset valuations, because they provide more precise value estimates than other types of valuation models.
	Option to delay and option to expand are call options, while option to abandon is a put option.
	None of the given statements is false.