The Fact That Most 3- to 4-Year-Old Children Know That

question 139

Multiple Choice

The fact that most 3- to 4-year-old children know that a person in a costume is the same person when in his or her regular clothes indicates that children at this age:

• A) are egocentric.
• B) can distinguish appearance from reality.
• C) can take another's perspective.
• D) have achieved formal operations.

---

Definitions:

Terms 2/10, N/30

Payment terms indicating a 2% discount is available if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.

Gross Price Method

A pricing strategy where the price of a product or service includes all taxes, tariffs and fees that may apply to the transaction.

Sales Discounts

A reduction in the price of a product or service that is offered to a customer to encourage timely payment.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit, recognized as an asset on the balance sheet.