Carter Is in an Electronics Store with His Parents

question 173

Multiple Choice

Carter is in an electronics store with his parents. He looks at the MP3 players and thinks for a moment that he could grab one and put it beneath his coat. As he considers this possibility, he decides not to do it because he might get caught and his parents would punish him. What stage of moral development does Carter's decision represent?

• A) preoperational
• B) preconventional
• C) autonomous moral principles
• D) conventional role conformity

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Definitions:

Form 1120

A tax form used by corporations in the United States to report their income, gains, losses, deductions, and credits to the IRS.

Fiscal Year

A fiscal year is a 12-month period used for accounting purposes and preparing financial statements, not always coinciding with the calendar year.

FMV

Fair Market Value, the price at which property would sell on the open market between a willing buyer and seller.

Basis

The amount of investment in property for tax purposes, used to calculate the gain or loss on the sale, exchange, or disposition of property.