-The Firm Has a Total Financing Requirement Of_________for the Period

question 24

Multiple Choice

$$\begin{array}{l}\text { Sportif, Inc. }\\\begin{array} { l r l } \text { Month } & \text { Sales } & \text { Disbursements } \\\hline \text { January } & \$ 5,000 & \$ 6,000 \\\text { February } & 6,000 & \$ 7,000 \\\text { March } & 10,000 & \$ 4,000 \\\text { April } & 10,000 & \$ 5,000 \\\text { May } & 10,000 & \$ 5,000\end{array}\end{array}$$
-The firm has a total financing requirement of_________for the period from January through May. (See Figure 4.1)

• A) $0
• B) $1,250
• C) $750
• D) $1,750

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Definitions:

Endowment Effect

The tendency for people to ascribe more value to things merely because they own them.

Ouija Board

A flat board marked with letters, numbers, and other symbols, used to attempt communication with spirits through a movable indicator or planchette.

Reasonably Priced

Items or services offered at a price that is considered fair and affordable.

Endowment Effect

The psychological phenomenon where individuals value an owned object higher than its market value.