Option (noun)

The power or right to choose; the opportunity to make a choice; choice.

Origin:

Late middle english (in the sense "choice"): from old french, from latin optio(n-), from optare "choose", from optus "chosen".

Examples:

1. The company is giving its employees the option to work from home.
2. I don't have any other options left, I have to take this loan.
3. The new car has several options available including a sunroof and a navigation system.
4. The options are limited for students who want to study abroad on a budget.
5. The new software update gives users more options to customize their experience.