Alicia Can Sort Figures into Circles and Squares and Then

question 29

Multiple Choice

Alicia can sort figures into circles and squares and then into red and blue squares and red and blue circles.This illustrates:

• A) transitive inference.
• B) identity or nullifiability.
• C) understanding class inclusion relationships.
• D) seriation.

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting standards developed by the International Accounting Standards Board.

Contingent Liabilities

Potential liabilities that may occur depending on the outcome of a future event.

Contingency

An uncertain event or condition that can have a positive or negative impact on a company's financial position if it occurs.