Quinn Is 3 Years Old

question 31

Multiple Choice

Quinn is 3 years old. He is unable to focus on two aspects of a situation at once. According to Piaget, this indicates that Quinn lacks conservation skills. What developmental stage is Quinn in?

• A) Sensorimotor
• B) Concrete operations
• C) Preoperational
• D) Formal operations

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Definitions:

New Venture

Refers to a newly established business entity created with the intention of entering a market.

Opportunity Cost

The financial loss involved in not selecting the subsequent top preference during the decision-making process.

Cash Flow Estimate

An approximation of the amount of money expected to move in and out of a business within a specific time period.

Time Value of Money

Calculations involving the present and future values of money under the action of compound interest. Also called discounted cash flow.