Molly Has Just Entered the Stage of Formal Operational Thought

question 37

Multiple Choice

Molly has just entered the stage of formal operational thought. Something she can do now that she could not do before is

• A)engage in trial-and-error problem-solving.
• B)mentally classify objects in her head.
• C)think symbolically.
• D)deal effectively with purely hypothetical situations.

---

Definitions:

Contribution Margin

The difference between the sales revenue of a product and its variable costs, used to cover fixed costs and generate profit.

Sales Revenues

The total amount of money generated from sales of goods or services before any expenses are subtracted.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials and packaging.

Scattergraph Method

A statistical tool used to plot data points on a graph to identify potential trends, often used in cost accounting to analyze variable costs against a level of activity.