Ms Fortunato, a Secondary School Teacher in the United States

question 14

Multiple Choice

Ms. Fortunato, a secondary school teacher in the United States, is interested in how Piaget's findings might apply to children in preindustrial countries. Recent evidence suggests that

• A) formal operational thought is evident only in industrialized countries.
• B) the sequence of Piaget's stages is culturally dependent.
• C) while the sequence of stages appears to be culturally universal, the rate of development may vary cross-culturally.
• D) rates of development are consistent in most cultures, but many children in tribal communities skip the formal-operational stage of development.

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Definitions:

Accounting Profit

The difference between total revenue and explicit costs.

Economic Profit

The difference between total revenue and total costs, including explicit and implicit costs.

Implicit Costs

The opportunity costs of using resources that a firm already owns to produce goods or services instead of earning money from these resources elsewhere.

Accounting Costs

Expenses recognized in a company's financial statements or accounts, representing outlays related to its operations and maintenance.