Jason Is Ready to Go Home After a Long Day

question 15

Multiple Choice

Jason is ready to go home after a long day at work. As soon as he steps out of the office building, it starts to rain. With no cabs available, Jason decides to walk home and wishes he had an umbrella to avoid getting drenched in the rain. Jason's need of an umbrella is a _____.

• A) situational need
• B) self-actualization need
• C) social need
• D) psychological need
• E) knowledge need

---

Definitions:

Put Option

A financial contract that gives the buyer the right, but not the obligation, to sell an asset at a specified price within a specific time frame.

Actual Value

Actual value refers to the true, inherent, or market value of an asset, not influenced by external conditions such as market fluctuations or investor perceptions.

Time Value

A concept stating the value of money is affected by time, primarily due to the potential earning capacity of money over time.

Stock Volatility

This is a measure of the fluctuation in the price of a stock over time, indicating the security's stability or instability.