Marcus Is a Toddler and Has a Pet Cat at Home.One

question 223

Multiple Choice

Marcus is a toddler and has a pet cat at home.One day on TV,he sees a lion and says "kitty." His mother says "yes,a lion is a big kitty." Given his mother's response,how will Marcus process "lion?"

• A) Develop a sense of object permanence.
• B) Accommodate the new information by changing his schemata.
• C) Assimilate the new information into his existing schemata.
• D) Eliminate his schemata for "kitty."

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Definitions:

Variable Manufacturing Costs

Costs that vary in proportion to changes in the level of production, including direct materials, direct labor, and variable overhead.

Operating Income

Earnings before interest and taxes (EBIT), calculated by deducting operating expenses, including the cost of goods sold (COGS) and other operating expenses, from gross profit.

Fixed Overhead

A type of business expense that does not change with the level of production or sales, such as rent, salaries, and insurance.

Selling Costs

Expenses associated with the selling process, including advertising, sales commission, and shipping costs.