________ Occurs When Children Adjust Their Schemes to Take New

question 55

Multiple Choice

________ occurs when children adjust their schemes to take new information and experiences into account.

• A) Adaptation
• B) Accommodation
• C) Assimilation
• D) Application

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Definitions:

Economy-of-Scope

Economic efficiencies derived from variety, rather than volume, where producing a wider range of products can lead to lower average costs.

Economies of Scale

The cost advantage achieved when production becomes efficient, as the scale of the operation grows and the cost per unit of output decreases.

Real Estate Developer

An individual or company that builds or renovates buildings or land developments, managing the process from inception to completion.

Synergies

Refers to the combined effect of group efforts or operations that results in a greater impact or benefit than the sum of individual efforts.