Ichiro and Ottavio Are Dressing Up in Old Coats and Using

question 282

Multiple Choice

Ichiro and Ottavio are dressing up in old coats and using pans for helmets so they can transform into their favorite action heroes. They are using materials in the __________ category of play.

• A) dramatic
• B) exploration
• C) social and fantasy
• D) gross motor

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Definitions:

Net Operating Income

Income before interest and income taxes have been deducted.

Flexible Budget Performance Report

A report that compares the actual performance of a business to a budget that adjusts with the level of activity, providing insight into variance reasons.

Flexible Budget Report

A financial report comparing actual results to a budget that adjusts based on the actual level of output or activity, allowing for more meaningful analysis.

Variable Costs

Expenses that change in proportion to the level of production or business activity.