Stores That Remain Open 24 Hours a Day, Seven Days

question 197

Multiple Choice

Stores that remain open 24 hours a day, seven days a week are providing _________ utility to their customers.

• A) possession
• B) time
• C) service
• D) schedule

Understand the concept of cognitive scaffolding and its importance in child development.

Comprehend the stages of cognitive development as proposed by Piaget, including key characteristics and capabilities of each stage.

Identify and explain the development of theory of mind in young children.

Recognize the role of language and verbal self-regulation in cognitive development as highlighted by Vygotsky.

---

Definitions:

Market Efficiency

A concept that describes how well market prices reflect all available information, making it difficult to consistently achieve higher returns.

Strong Form Efficiency

A theory that states all information, both public and private, is completely reflected in the prices of stocks, making it impossible to beat the market consistently through expert stock selection or market timing.

Semi-strong Form Efficiency

A theory in financial economics that implies all public information is already calculated into stock prices, meaning future price movements cannot be predicted using only public information.

Financial Markets

Financial markets are marketplaces where individuals and entities can trade securities, commodities, and other financial instruments in order to facilitate funding, investing, and risk management.