Which of the Following Is an Example of a Capital

question 248

Multiple Choice

Which of the following is an example of a capital resource?

• A) a dump truck
• B) a bond issued by a company selling electric generators
• C) the funds in a savings account at a bank
• D) stock in a computer software company

Identify the steps and functions of the accounting process.

Distinguish between bookkeeping and accounting.

Recognize the application of the accounting equation in business transactions.

Understand the role and impact of accounting in decision-making for investors, managers, and government.

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Definitions:

Sensorimotor

The first stage in Piaget's theory of cognitive development, where infants learn through interacting with the environment, from birth to about 2 years of age.

Concrete Operational

A stage in cognitive development, according to Piaget, where children gain the ability to think logically about concrete events.

Preoperational

A stage in Jean Piaget's theory of cognitive development during which children aged approximately 2 to 7 years old develop memory and imagination.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly, systematically, and logically.