Your Little Brother Has a Big Ball of Clay

question 236

Multiple Choice

Your little brother has a big ball of clay. While he watches, you roll the ball of clay into a long snake-like shape. He begins to cry because he thinks he has less clay now. Which of Piaget's stages is your brother likely to be in?

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

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period, usually a fiscal quarter or year.

Depreciation Expense

Represents the systematic reduction in the recorded cost of a fixed asset over its useful life.

Functional Currency

The main form of money used in the chief economic setting where an organization functions, usually utilized in its financial statements.

Exchange Rates

The cost of converting one currency into another.