Final answer:
The data loaded in the map is from a read-only source.
Step-by-step explanation:
The correct answer is B. The data loaded in the map is from a read-only source. When starting an edit session in ArcMap, the Start Editing list will only display feature classes that are editable. If the data loaded in the map is from a read-only source, such as a shapefile or a feature class in a read-only geodatabase, it will not show up in the Start Editing list.