James Mark Baldwin

question 101

Multiple Choice

James Mark Baldwin

• A) created one of the earliest intelligence tests used in American schools.
• B) argued that intelligence is best understood in terms of reaction time to physical and social stimuli.
• C) believed that children's unique ways of thinking and feeling could be harmed by adult interference.
• D) believed that children's understanding of their physical and social worlds develops through a sequence of stages.

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Definitions:

Exporting

The process of exporting products or services to a foreign country for the purpose of selling them.

Licensing

An agreement in which a company allows another entity to produce its product in exchange for a predetermined fee.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Franchising

A method of business expansion whereby a company (franchisor) licenses its trade name and operating methods to an individual or group (franchisee) in exchange for a franchise fee and ongoing royalties.