Which One of the Following Examples Best Illustrates the Use

question 38

Multiple Choice

Which one of the following examples best illustrates the use of a personally constructed theory as a child learns the concept spider?

• A) Julian assumes that spiders must give birth to baby spiders, just as people give birth to baby people.
• B) Ian learns that spiders have eight legs, whereas insects have only six.
• C) Rudy learns that spiders, along with scorpions and ticks, are members of the arachnid class.
• D) Duc remembers what happened when his cousin was bitten by a black widow spider.

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Definitions:

Residual Income

Income that remains after all operating expenses and costs of capital have been deducted from net operating income.

Profit Centre

A segment of a business that is responsible for both generating revenue and controlling costs, thereby directly influencing its own profitability.

Residual Income

Earnings generated beyond the minimum rate of return expected by a company or its investors, often used as a performance measure.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage.