Wilbur and Company Reports Sales of $20,000,000 and Inventory of $4,000,000.Wilbur's

question 43

Multiple Choice

Wilbur and Company reports sales of $20,000,000 and inventory of $4,000,000.Wilbur's inventory possesses significant economies of scale.Therefore,if Wilbur's sales increase by 10%,Wilbur's inventory will ________ and if Wilbur's sales decrease by 10%,Wilbur's inventory will ________.

• A) increase by more than 10%, increase by more than 10%
• B) decrease by more than 10%, decrease by more than 10%
• C) increase by more than 10%, decrease by less than 10%
• D) increase by less than 10%, decrease by less than 10%

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Definitions:

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence or consciousness.

Centration

A cognitive limitation in early child development where the child focuses on one aspect of a situation, neglecting other important features.

Egocentrism

The inability to differentiate between one's own viewpoint and that of others, often observed in early childhood development.

Conservation

The understanding that certain properties of objects or substances remain the same even when their appearances change, a concept crucial in cognitive development.