Examlex
It may be appropriate to use a departmental costing system when costs are incurred on different activities within a department but each activity has the same cost allocation base.
Formal Operational Thought
A stage in Piaget's theory of cognitive development where individuals develop the ability to think about abstract concepts.
Piaget's Model
A theory of cognitive development outlining how children progress through a series of four stages of cognitive growth: sensorimotor, preoperational, concrete operational, and formal operational.
Logical Reply
A response that follows the principles of logic or reasoning.
Underestimated
To be underestimated refers to the misjudgment of someone's capabilities, qualities, or results to be lower or less important than they actually are.
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