In Piaget's Terminology, Changing Existing Schemas to Incorporate New Information

question 69

Multiple Choice

In Piaget's terminology, changing existing schemas to incorporate new information is called

• A)reversibility.
• B)assimilation.
• C)accommodation.
• D)conservation.
• E)schematization.

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Definitions:

Cash Balance

The amount of cash that a company, individual, or account has available at any given point in time.

Pre-numbered Documents

Documents that are sequentially numbered ahead of time to help ensure completeness and control over processes like inventory, purchasing, and payroll.

Time Lags

Delays between the initiation of an action and its effect or outcome, often encountered in economic policies or financial transactions.

Errors

Mistakes or inaccuracies in financial information or records, which may require correction through adjustments.