What Is the Correct Order of Piaget's Stages of Development

question 7

Multiple Choice

What is the correct order of Piaget's stages of development?

• A)Sensorimotor, concrete operational, preoperational, formal operational
• B)Preoperational, formal operational, concrete operational, sensorimotor
• C)Sensorimotor, preoperational, concrete operational, formal operational
• D)Preoperational, sensorimotor, formal operational, concrete operational

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Definitions:

Aging Report

A report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding, typically used to identify issues with accounts receivable collection.

Direct Write-off Method

An accounting practice where uncollectible accounts receivable are written off directly against income at the time they are deemed irrecoverable.

Accounting Equation

Assets = Liabilities + Owner’s Equity.

Factoring

A financial transaction in which a business sells its accounts receivable to a third party at a discount to gain immediate cash.