Seven-Year-Old Xavier Is Given the Following Pair of Statements: "All

question 30

Multiple Choice

Seven-year-old Xavier is given the following pair of statements: "All of the balls in the tub are either red or blue. My ball is also in the tub." When asked, "What color is my ball?" he is able to answer correctly, "red or blue." A Piagetian researcher would say that Xavier is

• A) incapable of abstract thinking.
• B) capable of propositional thinking.
• C) incapable of formal operational thinking.
• D) capable of hypothetical-deductive reasoning.
• E) capable of metacognition.

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Definitions:

Ownership Interest

Refers to the percentage or portion of a company that is owned by a shareholder, indicating a claim on assets and possibly a right to the income of the company.

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not control it outright.

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as electing directors and approving company policies.

Purchase

The act of acquiring goods or services in exchange for money, signifying a transaction between two parties.