Although Mr

question 693

Multiple Choice

Although Mr.Tong was obviously busy reading an absorbing novel,his 4-year-old daughter kept interrupting him with comments and questions about the TV cartoons she was watching.Before Mr.Tong becomes irritated with his daughter for being inconsiderate,he should be alerted to Piaget's concept of

• A) object permanence.
• B) conservation.
• C) egocentrism.
• D) accommodation.

---

Definitions:

FOB Destination

A shipping term where the seller retains the risk of loss until the goods reach the buyer's location and are ready for unloading.

Inventory Cost Flow

The method used to determine the cost of inventory sold and remaining in stock.

Ending Inventory

Ending inventory refers to the total value of goods available for sale at the end of an accounting period, crucial for calculating cost of goods sold and gross profit.

Rising Prices

A situation where the general level of prices for goods and services in an economy increases over a period of time.