Which of the Following Statements Is Incorrect

question 1

Multiple Choice

Which of the following statements is incorrect?

• A) Financial records must be retained for 7 years.
• B) Financial records may be kept in any language.
• C) A company can decide where to keep its financial records.
• D) Financial records must be retained for 10 years.

Recognize the development of fine motor skills in infants.

Identify the concept of object permanence and its importance in cognitive development.

Describe how infants interact with their environment and people around them across different stages of development.

Explain the role of adaptation in the cognitive development of infants.

---

Definitions:

Rule Of 70

A simple way to estimate the number of years it takes for an amount to double, by dividing the number 70 by the annual growth rate percentage.

Interest

The cost of borrowing money or the return on investment for savings and investments, typically expressed as an annual percentage rate.

Risk Averse

Describing individuals or entities that prefer to avoid risk and would rather choose an alternative with a more certain but possibly lower return, than an option with a higher but uncertain return.

Utility Function

A mathematical representation that relates an individual’s consumption bundle to the level of satisfaction or utility derived from it.