In January 2010, Tim Owned Machines Valued at $1 Million

question 60

Multiple Choice

In January 2010, Tim owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 per cent. During 2010, Tim spent $200,000 on new machines. During 2010, Tim's gross investment totalled

• A)$900,000.
• B)$300,000.
• C)$1 million.
• D)$200,000.

Discern how social interactions and culture influence cognitive development.

Recognize the holistic and integrative nature of various theoretical perspectives on lifespan development.

Understand the differences and similarities between assimilation and accommodation in cognitive development.

Identify and describe the purpose and types of research in developmental psychology (applied, experimental, theoretical, hypothetical).

---

Definitions:

Insurance Claim

A formal request to an insurance company asking for payment based on the terms of the insurance policy, typically after a loss, damage, or theft.

Positive Reinforcement

Increasing the probability that behavior will be repeated by rewarding people for making the desired response; improves learning and motivation.

Contingent

Dependent on certain conditions or situations; not absolute.

Employee Recognition Programs

Formal schemes implemented by organizations to reward and acknowledge the achievements and contributions of their employees.