René Sees a Cow (An Animal He Has Not Seen

question 137

Multiple Choice

René sees a cow (an animal he has not seen before) and calls out, "Doggie!" Which Piagetian process does René's reaction demonstrate?

• A)egocentrism
• B)assimilation
• C)accommodation
• D)organization

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Definitions:

Collections Float

Float created while funds from customers’ cheques are being deposited and cleared through the cheque collection process.

Disbursement Float

Float created before cheques written by a firm have cleared and been deducted from the firm’s account. Disbursement float causes the firm’s own cheque-book balance to be smaller than the balance on the bank’s records.

Net Float

The difference between a firm’s disbursement float and collections float.

Marketable Securities

Financial instruments and assets that can easily be sold or converted into cash, typically within a year.