When Utsav Is Riding in the Car with His Mother

question 35

Multiple Choice

When Utsav is riding in the car with his mother, he will point at buses, vans, bikes, and trucks and say "car." This is an example of

• A) an overextension.
• B) an underextension.
• C) fast mapping.
• D) overregularization.

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Definitions:

Accounts Receivable

Receivables from clients for goods or services a company has provided but has not yet received payment for.

Managing Collections

The process of overseeing and ensuring the timely collection of accounts receivable to maintain a company's cash flow.

Petty Cash Fund

A little sum of money maintained readily available for covering small costs instantly.

General Journal Entry

A basic accounting record where financial transactions are initially recorded.