Two-Year-Old Katherine Sees a Goat for the First Time, and Calls

question 58

Multiple Choice

Two-year-old Katherine sees a goat for the first time, and calls it a cow because it has four legs and horns. According to Piaget, Katherine's response is best considered an example of:

• A) fixation
• B) re-classification
• C) accommodation
• D) assimilation

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Definitions:

Times Interest Earned

Times interest earned, also known as interest coverage ratio, measures a company's ability to make interest payments on its debt with its earnings before interest and taxes.

Debt-To-Equity Ratio

A metric outlining the balance of shareholder equity and debt in the financial composition for supporting a company's assets.

Equity Multiplier

A financial leverage ratio that indicates the portion of a company's assets that are financed by shareholders' equity.

Net Profit Margin

A financial metric that shows the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenue.