Resources Are Also Known as

question 65

Multiple Choice

Resources are also known as

• A) minerals.
• B) factories.
• C) factors of production.
• D) stocks, bonds, and other financial instruments.

Grasp Piaget’s perspective on children as active learners and constructors of knowledge.

Understand the influence of the information-processing perspective on cognitive development.

Recognize the stages of cognitive development as proposed by Piaget and the characteristics of each stage.

Illustrate the application of Piaget’s theory and principles in educational settings.

---

Definitions:

Applied Manufacturing Overhead

The allocation of manufacturing overhead costs to individual units of production, based on a predetermined rate or basis.

Overapplied Overhead

A situation where the allocated manufacturing overhead costs for a period exceed the actual overhead costs incurred, indicating a discrepancy in costing or budgeting.

Underapplied Overhead

A situation where the actual manufacturing overhead costs are higher than the allocated costs during a period.

Direct Labor Cost

The total cost of wages for employees who work directly on the manufacturing of products or delivery of services.