The employment contracts for professional athletes often contain options for either the player or the team. Consider one recent contract in Major League Baseball. The player's salary was guaranteed for the first couple of years. However, after several years, the team had the option to cancel the contract if the player became injured. If we think of each player as a project for the team, this option feature of the contract is best described as:

Question

Quizplus · Accepted Answer

The option for the team to cancel the contract if the player becomes injured represents the option to abandon projects. This option allows the team to cut their losses and move on from a project (player) that is no longer providing value.

The Employment Contracts for Professional Athletes Often Contain Options for Either