That is false because a change in weather or traffic you might need to change speed
Firms often have the option to reduce the scale of operations at some point in the future, which is known as an abandonment option.
An investment contract's abandonment option is a provision that gives parties the opportunity to end the agreement before it matures.
It offers value by allowing the parties to cancel the commitment if circumstances change and the investment becomes unprofitable.
The ability of management to determine whether or not to finish that project is actually what is meant by an abandonment option.
One of the four different real options (options on tangible assets) that can be added to investment projects like gold mines, airplanes, cargo ships, heavy equipment, and so forth is an abandonment option.
In bilateral agreements without a predetermined expiration date, abandonment options are frequently employed.
Learn more about abandonment here
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Answer:
The Proclamation of Amnesty and Reconstruction was his plan to get the Confederate states back into the Union by granting pardons to all Southerners (except political leaders) who took an oath of future allegiance to the Union. Reconstruction ended the Confederate secession and abolished slavery which made the newly freed slaves citizens with civil rights that were guaranteed by three new constitutional amendments.
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