In Front of Mikey,Kristin Pours 8 Ounces of Water from a Measuring

question 71

Multiple Choice

In front of Mikey,Kristin pours 8 ounces of water from a measuring cup into both a short,fat glass and a tall,thin glass.She then asks Mikey which glass has more water.If Mikey is at the concrete operational stage,he is likely to answer:

• A) the tall,thin glass.
• B) the short,fat glass.
• C) they are the same.
• D) that he does not understand what more means.

---

Definitions:

Direct Materials Budget

A detailed plan showing the amount of raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.

Direct Labor Budget

A detailed plan that shows the direct labor-hours required to fulfill the production budget.

Production Budget

An estimate of the total amount of production, in units, that a company needs to meet its sales goals and inventory policies.

Master Budget

A number of separate but interdependent budgets that formally lay out the company’s sales, production, and financial goals and that culminates in a cash budget, budgeted income statement, and budgeted balance sheet.