Penny, Who Is in Piaget's Sixth Stage of Cognitive Development

question 173

Multiple Choice

Penny, who is in Piaget's sixth stage of cognitive development, observed her older sister using a curling iron. Later, when she was alone, Penny tried to use the curling iron and burned her hand. Penny has displayed _____.

• A) primary reaction
• B) interesting observations
• C) deferred imitation
• D) new adaptation and anticipation

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Definitions:

Cost Method

An accounting technique used to record investments at their original purchase cost, adjusting for dividends received and not for changes in market value.

Equity Method

An accounting method for recording investments in which the investor recognizes income from the investee in proportion to its share of the investee’s profit or loss.

Investment in Subsidiary

Refers to the holding of shares or interests by one company (the parent company) in another company (the subsidiary).

Goodwill

A non-material asset generated from purchasing another company at a cost exceeding the fair market value of its tangible net assets.