Three-Year-Old Nick Agrees to Trade His Dime for a Nickel

question 18

Multiple Choice

Three-year-old Nick agrees to trade his dime for a nickel because the nickel is bigger.Which stage of cognitive development is being characterized?

• A)concrete operational
• B)formal operational
• C)preoperational
• D)sensorimotor

---

Definitions:

Common Stock

A type of security that signifies holding an equity stake in a corporation, indicating ownership in the company.

Dividends

Profits paid out by a company to its stockholders, frequently as a distribution of earnings.

Asset Account

An account on a company's balance sheet that represents the resources owned by the company that have economic value.

Liability Account

An account on the balance sheet indicating obligations or amounts owed to others that will require a future outlay of resources.