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Conflict between discounted cash flow (DCF) analysis and accrual accounting
A capital investment project was approved based on a well-done DCF analysis. After the initial investment, the expected cash flows of the project were negative for the first two years, small but positive for the next two years and then very large for the last four years. The cash flows were in the form of saving of costs, not additional revenues.
Centration
A cognitive limitation in early childhood, where one focuses on a single, salient aspect of an object or situation, ignoring other relevant features.
Conservation
In cognitive development, the understanding that properties such as mass, volume, and number remain the same despite changes in the forms of objects.
Silly Putty
A silicone-based polymer toy known for its unique properties such as elasticity, bounce, and the ability to lift images from newsprint.
Fast-mapping
A cognitive process in children that involves quickly learning and retaining new words or concepts after minimal exposure.
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