Vacant Land Can Be Viewed as an Option

Vacant land can be viewed as an option:

A) to purchase developed land where the exercise price is less than the cost of developing a building on the land.
B) that is increasing in the degree of uncertainty about the value of development.
C) to purchase developed land where the exercise price is greater than the cost of developing a building on the land.
D) that is unaffected by the degree of uncertainty of the value of development.