Perry's Theory Holds That the College Experience Fosters Cognitive Development

question 37

Multiple Choice

Perry's theory holds that the college experience fosters cognitive development because

• A)students build on the cognitive skills they developed in high school.
• B)students confront diverse beliefs and arrive at personal commitments.
• C)students learn from professors who embody intellectual authority.
• D)students learn to value their own opinions and values from their background.

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

Conservatism Constraint

An accounting principle that provides guidance for uncertain conditions, advising to recognize expenses and liabilities sooner rather than later.

Historical Cost Principle

An accounting principle that states that assets should be recorded and reported at their original purchase cost.

Work in Process

Inventory that includes goods that are in the process of being manufactured but are not yet complete.