One Major Change from the Concrete Operations Stage to the Formal

question 163

Multiple Choice

One major change from the concrete operations stage to the formal operational stage is the acquisition of the ability to

• A) conserve time and space.
• B) think logically.
• C) think concretely.
• D) think abstractly.

---

Definitions:

Account

A report or record that maintains the details of each financial transaction a company engages in.

Accounts Receivable

Money owed to a business by its customers from the sale of goods or services on credit.

Credit

A financial arrangement where a borrower receives something of value with the agreement to repay it later, often including interest.

Normal Balance

The side of an account that is usually positive or increased; for assets and expenses, it's the debit side, for liabilities, equity, and revenue, the credit side.