What Is a Major Achievement of Formal Operational Thinking

question 4

Multiple Choice

What is a major achievement of formal operational thinking?

• A) conservation
• B) putting objects in order
• C) idea production
• D) hypothetical thought

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Definitions:

Cost of Sale

Costs directly related to the production of the goods sold by a company.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for the purpose of selling to customers in the normal course of business.

Perpetual Inventory System

A method of accounting for inventory that records real-time transactions of goods as they come in and out of stock, thus maintaining a continuously updated inventory balance.