When 3-Year-Old Caitlin Is Asked What She Did at Preschool

question 65

Multiple Choice

When 3-year-old Caitlin is asked what she did at preschool that day, she says "You know. You were there." This type of one-dimensional thinking is called

• A) transductive reasoning.
• B) egocentrism.
• C) artificialism.
• D) cognitive flexibility.

---

Definitions:

Consolidated Balance Sheet

A financial statement showing the financial position of a parent company and its subsidiaries as if they were a single entity.

Fair Value

The gain expected to be received from an asset disposal or the amount necessary to cover a liability in a mutual transaction among market counterparts at the estimated date.

Equipment

Equipment consists of the tangible operational assets used by a business to conduct its operations and generate income.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as one single entity.