Marco Has Been Running Each Afternoon Trying to Beat His

question 23

Multiple Choice

Marco has been running each afternoon trying to beat his college's record for the 400 meter sprint. Despite all his practicing, he hasn't been able to come in under his usual time. There's a big fan turnout for the track meet on Saturday against the rival school and Marco not only beats the old record, but far surpasses it. Marco's behavior illustrates

• A) social facilitation.
• B) social compensation.
• C) social loafing.
• D) the bystander effect.

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Definitions:

Collection Time

The average period it takes for a business to receive payments owed by its customers for goods or services sold on credit.

Money Market Securities

Short-term financial instruments that are typically liquid and considered safe, such as Treasury bills and certificates of deposit.

Average Daily Float

The average amount of un-cleared or in-process checks and electronic payments that are recorded in a company’s accounting system at any given time.

Collection Delay

The time it takes for a business to receive payment after issuing an invoice or credit sale, impacting cash flow.