By What Age Will Children Show a Preference for a Small

question 162

Multiple Choice

By what age will children show a preference for a small group of playmates?

• A) 6 months
• B) 1 year
• C) 18 months
• D) 2 years

---

Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.

Operating Income

A measure of a company's profit that excludes non-operating expenses and revenues, focusing solely on the income generated from its core business operations.

Inventory Levels

The quantity of goods and materials on hand at a particular time within a company.

Variable Costing Income Statement

A financial statement showing the costs that vary directly with the level of production, separated from fixed costs.