A Third-Grader Who Decides Not to Cheat on a Test

question 29

Multiple Choice

A third-grader who decides not to cheat on a test because if caught his parents would be displeased with him is operating at the _____ level of Kohlberg's theory.

• A)postconventional
• B)nonconventional
• C)preconventional
• D)conventional

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Definitions:

Income Distributions

Payments made from a fund or account to investors, typically from earned interest or dividends from investments.

Net Asset Value

The value per share of a mutual fund or an ETF, calculated by dividing the total value of all the securities in the portfolio, minus any liabilities, by the number of shares outstanding.

Diversification

An investment strategy that involves spreading out investments across various assets to reduce risk.

Investment Styles

Various approaches or strategies investors implement to allocate assets across different sectors or securities.