Joshua, Who Is 3 Years Old, Wraps His Bath Towel

question 219

Multiple Choice

Joshua, who is 3 years old, wraps his bath towel around his neck and tells his mother that he is a super hero flying around the house. Which stage of cognitive development is Joshua MOST likely in?

• A) preoperational
• B) concrete operational
• C) formal operational
• D) sensorimotor

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Definitions:

Absorption Costing

An accounting method where all manufacturing costs, both fixed and variable, are allocated to produced units, making it different from variable or direct costing methods.

Factory Machinery

The collective term for the mechanical, electrical, and computer-based equipment used in a manufacturing or production facility to create products.

Absorption Costing Income Statement

An income statement format that includes all manufacturing costs (both fixed and variable) in the calculation of the cost of goods sold.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.