Which of the Following Is Not True of the Differences

question 22

Multiple Choice

Which of the following is not true of the differences between Bloom's original and updated taxonomy?

• A) Lorin Anderson and a group of cognitive psychologists updated the taxonomy to reflect relevance to 21 st century work.
• B) Bloom's nouns were changed to verbs.
• C) The nouns were changed to verbs to help employers clearly see the level on which employees are working.
• D) The new version changes "synthesis" to "creating" and moves it to the top of the hierarchy.

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Definitions:

Extraordinary Item

A significant transaction or event that is both unusual and infrequent, no longer recognized in GAAP financial statements but was distinguished as having a major impact on a company's financial health.

Cost of Goods Sold

The Cost of Goods Sold (COGS) represents the direct expenses related to the production of goods sold by a company, including material and labor costs.

Purchase Discounts

A reduction in the price paid for goods or services, often provided by the seller to encourage prompt payment.

Freight-In

The cost associated with transporting goods to a company's location, which is typically included in the inventory cost of the purchased goods.