Allison Is a 16-Year-Old Who Shows an Increasing Ability to Plan

question 159

Multiple Choice

Allison is a 16-year-old who shows an increasing ability to plan and think ahead. She has sent for college information and has made financial plans to help pay for college. She is in which of the following of Piaget's stages of cognitive development?

• A) concrete operational thought
• B) preoperational thought
• C) formal operational thought
• D) sensorimotor thought

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Definitions:

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing shareholders' equity and outstanding shares.

Cash Dividend

A payment made by a company out of its earnings to shareholders, distributing profits in the form of cash.

Journal Entries

The method by which financial transactions are recorded in an accounting system, typically involving a debit to one or more accounts and a credit to another in equal amounts.

Shares Outstanding

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.