The Chief Financial Officer of Large Closeouts Inc. (LCI) determines that the firm must engage in capital rationing for its capital budgeting projects. Which of the following describes the most likely reason for LCI to use capital rationing LCI:（）
A. has a limited amount of funds to invest.
B. would like to arrange projects so that investing in a project today provides the option to accept or reject certain future projects.
C. must choose between projects that compete with one another.
参考答案：A
解析：
Capital rationing exists when a company has a fixed (maximum) amount of funds to invest. If profitable project opportunities exceed the amount of funds available, the firm must ration, or prioritize its funds to achieve the maximum value for shareholders given its capital limitations.