When Asked to Count the Four Soda Bottles Placed in from of Him

question 101

Multiple Choice

When asked to count the four soda bottles placed in from of him, three-year-old Eli says, "1, 3, 4, there are 4!"  When asked to count the bottles a second time, he says, "2, 5, 7, 4, there are 4!" Eli's counting skills demonstrate that he is capable of demonstrating the ____ principle of counting.

• A)one-to-one
• B)cardinality
• C)organization
• D)stable-order

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Definitions:

Inventory

Consists of the goods and materials a business holds for the purpose of resale or production.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue. It is often referred to as the bottom line.

Error

A discrepancy or mistake found in a document, calculation, or process.

Ending Inventory

The value of goods available for sale at the end of an accounting period, not yet sold.