Jay and Justin Each Have a Stick of Gum

question 132

Multiple Choice

Jay and Justin each have a stick of gum.Eight-year-old Jay stretches his stick until it is much longer.Five-year-old Justin begins to cry because he thinks that Jay has more gum than he does.Justin lacks

• A) animism.
• B) object permanence.
• C) conservation.
• D) egocentricity.

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Definitions:

Assets

Resources owned or controlled by a business or individual that are expected to produce economic value or benefit in the future.

Return on Assets

A measure of how effectively a company is using its assets to generate earnings.

Revenues

Revenues are the total amount of money received by a company for goods sold or services provided during a specific period.

Expenses

Costs incurred in the process of earning revenue, often categorized into operating and non-operating expenses.