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Why and how might a "real option" be useful in a joint venture?
Bonuses
Additional financial compensation awarded to employees as a reward for meeting certain performance criteria or milestones.
Flexible Benefit Packages
Employment benefit plans allowing employees to choose from a range of benefit options, tailoring their compensation package to their personal needs.
Taxable Income
The amount of an individual's or business's income used to determine how much tax they owe to the government, after deductions and exemptions.
Peter Drucker
A renowned management consultant, educator, and author, considered one of the founding figures of modern business management.
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