All of the Following Are True About the Concrete Operational

question 54

Multiple Choice

All of the following are true about the concrete operational period EXCEPT:

• A) most children enter the concrete operational period around 7 years of age and move to the next stage by age 12
• B) the concrete operational child has acquired the mental operator of reversibility
• C) upon entering concrete operations, the child is able to smoothly use identity and compensation across all tasks
• D) the concrete operational child starts to respond correctly to conversation and classification tasks

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Definitions:

FOB Shipping

Free On Board Shipping, a term used in shipping agreements to specify which party (buyer or seller) pays for shipping costs and when the ownership of the goods transfers.

Import Duties

Import duties are taxes imposed by a government on goods imported into a country, often used to protect domestic industries and raise revenue.

Merchandise Cost

Merchandise cost is the total expense incurred to purchase goods for resale, including the purchase price, shipping, handling, and import duties.

Gross Profit Method

A technique to estimate the amount of ending inventory and cost of goods sold by using the gross profit margin.