A Child in the Preoperational Stage Cannot Understand a Family

question 101

Multiple Choice

A child in the preoperational stage cannot understand a family tree,but a child in the concrete operational phase can.Piaget claims that this is because a child in the concrete operational level can

• A)think abstractly.
• B)classify things.
• C)memorize better.
• D)reason intuitively.

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Definitions:

Variable Costing

A costing method where variable manufacturing costs are treated as product costs, and fixed manufacturing overhead is treated as a period cost.

Net Income

The amount of earnings left after all expenses, including taxes and costs, have been subtracted from total revenue.

Fixed Overhead

Fixed overhead consists of the consistent, ongoing costs not directly tied to production levels within a business, such as rent, insurance, and salaries.

Inventory

Items held by a company for sale in the ordinary course of business or to be used in producing goods and services for sale.