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Describe the characteristics of goals that most effectively motivate people.
Land Option Contract
A legal agreement that gives one party the right, but not the obligation, to buy or sell land at a predetermined price within a specific time period.
Decision Tree
A graphical representation used in decision analysis to lay out choices and their possible consequences, including chance event outcomes, resource costs, and utility.
Capital Asset Pricing Model
A model that describes the relationship between systematic risk and expected return for assets, particularly stocks.
Expansion Option
An opportunity in capital budgeting for a company to invest in additional projects or assets based on its initial project's success.
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