Educational Simulations Allow Students to Explore an Imaginary Situation and Are

question 332

Multiple Choice

Educational simulations allow students to explore an imaginary situation and are the most complex type of

• A)serious games.
• B)token economies.
• C)latent learning exercises.
• D)educational feedback loops.

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Definitions:

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a set of guidelines and standards for financial reporting and accounting practices to ensure consistency and transparency.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements globally.

Noncontrolling Interest

It refers to the ownership in a subsidiary not attributable to the parent company, representing a minority share that does not control the company.