The Quantitative Expression of a Plan Stated in Either Physical

question 3

Multiple Choice

The quantitative expression of a plan stated in either physical or financial terms or both is called a:

• A) Cost of goods sold statement
• B) Financial statement
• C) Budget
• D) Cost of goods manufactured statement

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Definitions:

Preoperational

The stage in Piaget's theory of cognitive development in which children from about 2 to 7 years old develop memory and imagination, but do not yet think logically.

Formal Operational Thought

A stage of cognitive development in which individuals are able to think abstractly, reason logically, and manage problems systematically.

Logical

Pertaining to the use of reason and sound judgment in thinking or arguing.

Abstract

A brief summary of a research article, thesis, review, or other long report on a subject or project.