The non-financial option available to managers as the venture progresses through its lifecycle is known as real options.

Name: The non-financial option available to managers as the venture progresses through its lifecycle is known as real options.
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Real options refer to the strategic choices available to managers that allow them to adapt and make decisions based on changing circumstances, similar to financial options but applied to real assets or projects.

The Non-Financial Option Available to Managers as the Venture Progresses