Assess students' ability to apply real options analysis to value and make managerial decisions for corporate investment projects under uncertainty. The quiz will test constructing project value drivers and cash flows, estimating volatility, choosing and applying appropriate valuation techniques (binomial trees, Black‑Scholes approximations, or risk‑neutral Monte Carlo), comparing option-based valuations to NPV, and recommending actions (delay, expand, abandon, scale) using sensitivity analysis and decision rules. Include interpretation of results, identification of key assumptions, and communication of a justified investment recommendation.