In a Study of Three-Year-Olds by Louis Moses and John

question 83

Multiple Choice

In a study of three-year-olds by Louis Moses and John Flavell, the children were shown a videotape in which a girl named Cathy found some crayons in a bag. When Cathy left the room briefly, a clown entered the room. The clown removed the crayons from the bag, hid them in a drawer, and put rocks in the bag instead. When Cathy returned, the children were asked what Cathy thought the bag contained. Most of the three-year-olds answered that the bag contained _____.

• A)more crayons than rocks
• B)rocks
• C)equal number of crayons and rocks
• D)crayons

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Definitions:

Work in Process

Inventory that includes the materials, labor, and overhead costs for products that are in the production process but not yet complete.

Equivalent Units

A measure used in cost accounting to express the amount of work done on incomplete units in terms of complete units.

First-in

Commonly part of the term "First-in, First-out (FIFO)", a method used in inventory management where the oldest stock is sold first.

Labor

Work performed by humans that is used in the production of goods and services.