Bob Is Asked, "Do You Have a Brother?" He Replies

question 38

Multiple Choice

Bob is asked, "Do you have a brother?" He replies, "Yes." "What's his name?" "Joe." "Does Joe have a brother?" Bob answers, "No." Which stage of cognitive development is Bob imost likely in?

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

---

Definitions:

Net Present Value

A calculation that compares the present value of cash inflows to the present value of cash outflows over a period of time to evaluate an investment.

Depreciable Equipment

Tangible assets used in business operations whose cost is allocated over its useful life due to wear and tear, obsolescence, or decay.

Operating Assets

Assets that are used in the day-to-day operations of a business, such as machinery, buildings, and equipment.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the time value of money and risk of the investment.