According to Piaget, One Method of Adaption That People Use

question 2

Multiple Choice

According to Piaget, one method of adaption that people use when they are presented with new information is accommodation, in which the learner

• A)restructures new information before integrating it into existing schemes.
• B)adds new information to existing schemes.
• C)finds a way to adjust existing schemes to allow for the new information.
• D)adapts to threats to existing schemes .

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Definitions:

Credit Risk

The possibility that a lender may not receive the owed principal and interest, leading to a loss.

Valuation Measures

Techniques or methods used to assess the worth or value of a business, asset, or investment, often based on financial metrics or future earning potential.

Accounting Standards

Rules and guidelines established by authoritative bodies that govern how financial transactions and events are reported in financial statements.

IASB

The International Accounting Standards Board, responsible for developing and issuing International Financial Reporting Standards (IFRS).