When a Child No Longer Plays the Game of Monopoly

question 120

Multiple Choice

When a child no longer plays the game of Monopoly mechanically and is able to understand the complex and hypothetical transactions unique to each game,the child has most likely reached which stage of cognitive development?

• A) sensorimotor
• B) preoperational
• C) concrete operational
• D) formal operational

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Definitions:

COGS

Cost of Goods Sold; the direct costs associated with the production of goods sold by a company, including materials and labor.

Revenue Forecast

An estimate of the amount of money a company will generate from sales in a future period.

Cost Ratio

The measure of the costs associated with a financial transaction or an investment, relative to its benefits or returns.

Planning Assumptions

Presumptions or hypotheses used as a base for strategic planning and decision making within an organization.