A golf course/property developer buys twice as much land as is needed to build an 18 hole golf course and housing development so that, if things go very well, a second 18 hole golf course and housing project can be added to the project. The developer is prepared to exercise the:
A) Option to default.
B) Option to expand.
C) Option to abandon.
D) Option to wait.
E) Option to rebuild.

Question

Quizplus · Accepted Answer

The developer is prepared to exercise the "Option to Expand" because they have purchased additional land with the potential to develop another golf course and housing project if the initial project is successful. This strategic move allows for growth and expansion based on the project's success.

A Golf Course/property Developer Buys Twice as Much Land as Is