Two Children Are Asked the Following Question: If You Could

question 81

Multiple Choice

Two children are asked the following question: If you could jump into a swimming pool filled with any substance, what substance would you want the pool to be filled with? Vincent answers: "Water - that's what pools are filled with." Ted, on the other hand, answers: "Cool - I would want the pool filled with red Jello." Which of the following statements is correct regarding Vincent and Ted?

• A) Ted and Vincent are both in the concrete-operational stage.
• B) Ted and Vincent are both in the formal-operational stage.
• C) Ted is in the concrete-operational stage and Vincent is in the formal-operational stage.
• D) Vincent is in the concrete-operational stage and Ted is in the formal-operational stage.

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Definitions:

Source of Cash

Any activity or operation within a business that generates cash inflow.

Inventory Acquisition

The process of obtaining and adding goods or materials to a company's stock for further sale or use.

Cash Increase

An uptick in the amount of liquid assets (cash and cash equivalents) that a company or individual has on hand.

Current Ratio

Current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, by comparing current assets to current liabilities.