Examlex

Solved

Finance as We Know It Today Grew Out of and Lies

question 414

Multiple Choice

Finance as we know it today grew out of and lies between economics and accounting. Economists developed the notion that an asset's value is based on the future cash flow the asset will provide. Accountants provided the information about the likely size of those cash flows. So, people who work in finance require knowledge of both economics and accounting. Eugene F. Brightman et al., Fundamentals of Financial Management.


Definitions:

Developmental Level

A measurement of the progress of growth or advancement in physical, emotional, intellectual, or social skills.

Piaget

A psychologist known for his pioneering work in child development, specifically for his theory of cognitive development that describes how children construct a mental model of the world.

Seriation

The ability to arrange objects in order by size, location, or another characteristic, which is a crucial cognitive development skill in children.

Cognitive Abilities

Mental skills encompassing learning, thinking, reasoning, problem-solving, decision-making, and memory.

Related Questions