Developmental Psychology: Key Theories and Concepts
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Questions and Answers

A company is deciding whether to invest in a new project. Which factor should be MOST carefully considered when evaluating the potential return on investment?

  • The historical cost of similar projects undertaken by competitors.
  • The CEO's personal preference for the type of project.
  • The current market capitalization of the company.
  • The projected cash flows and their associated risks. (correct)

Which of the following scenarios BEST exemplifies a company effectively leveraging economies of scale?

  • A software company developing custom solutions for individual clients.
  • A small boutique producing high-end, artisanal goods with a large profit margin.
  • An automobile manufacturer increasing production volume using standardized parts and automated assembly lines. (correct)
  • A consulting firm offering highly specialized services tailored to niche markets.

What is the MOST likely consequence of a central bank increasing the reserve requirement for commercial banks?

  • Decreased lending activity and potential economic contraction. (correct)
  • A surge in international investment inflows.
  • No significant impact on the overall economy.
  • Increased lending activity and economic expansion.

A company's financial statements show a significant increase in accounts receivable. What could be the MOST likely reason of this increase, assuming sales have remained relatively constant?

<p>The company has extended its credit terms to customers to boost sales. (A)</p> Signup and view all the answers

What is the PRIMARY goal of diversification in an investment portfolio?

<p>To reduce risk by spreading investments across different asset classes. (D)</p> Signup and view all the answers

A country experiences a sudden and significant decrease in its exports due to a global recession. What is the MOST likely short-term impact on its economy?

<p>Decreased aggregate demand and potential deflation. (A)</p> Signup and view all the answers

What is the MOST important difference between a bond's coupon rate and its yield to maturity (YTM)?

<p>The coupon rate is the annual interest rate paid by the issuer, while YTM reflects the total return considering the bond's market price. (D)</p> Signup and view all the answers

A company announces a stock split. What is the MOST likely reason for this decision?

<p>To make the stock more affordable and increase its liquidity. (D)</p> Signup and view all the answers

Which derivative instrument would be MOST suitable for a farmer seeking to protect against a potential decrease in the price of their crop at harvest time?

<p>A futures contract. (D)</p> Signup and view all the answers

What is the MOST significant difference between monetary policy and fiscal policy?

<p>Monetary policy involves managing interest rates and the money supply, while fiscal policy involves government spending and taxation. (A)</p> Signup and view all the answers

Flashcards

Unit One Overview

The first section or unit of a course or study material.

Unit 1 & 2 Connection

Topics or concepts that are interrelated between the first and second units.

Unit Two Content

The second section or unit of a course focusing on new concepts.

Unit 2 Concepts

Key ideas or themes presented in Unit Two of the material.

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Unit 2 & 3 Transition

Connections between concepts in the second and third units.

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Unit Three Summary

An overview of the main ideas in Unit Three.

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Unit 3 & 4 Relationship

How concepts in Unit Three relate to those in Unit Four.

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Unit Four Themes

Core ideas or topics discussed in Unit Four.

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Unit 4 & 5 Continuity

Linkages between the fourth and fifth units, illustrating learning progression.

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Additional Questions Context

Extra questions that help reinforce learning from all units.

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Study Notes

Unit One

  • Development definitions: The study of human growth and change across physical, cognitive, and social domains.
  • Traditional perspective: Development viewed as a continuous and predictable, linear progression of universal stages.
  • Cultural embedding: Development is shaped by historical and cultural contexts.
  • Piaget's theory metaphor: Development is like a tree.
  • Erikson's psychosocial theory focus: Eight stages of psychosocial conflict.
  • Meta-theory worldview example: Evolutionary psychology.
  • Context in development: Environmental and situational factors.
  • Research findings: Data and results from research.

Unit Two

  • Bowlby's attachment theory (ethological perspective): Attachment develops for survival and social bonding.
  • Newborn attachment abilities: Reflexes, social signals, and sensory abilities.
  • Attachment experiment: The "Strange Situation" experiment is informative about attachment.
  • Temperament: A biologically based trait related to reactivity and self-regulation.
  • Goodness of fit: Matching child's temperament to environment.
  • Piaget's theory, adoption: incorporating new experiences into existing cognitive structures.
  • Piaget's equilibration: Balancing assimilation and accommodation for cognitive growth.
  • Cross-sectional design limitations: Cannot show change over time.
  • Sequential design combination: Combines elements of cross-sectional and longitudinal designs.

Unit Three & Four

  • Prenatal development periods: Germinal, embryonic, fetal.
  • Piaget's intelligence: Children's intelligence manifests in various ways, at different ages.
  • Parenting dimensions: Warmth, control, and emotional support.
  • Authoritative parenting: Balanced responsiveness and control.
  • Problematic parenting style: Neglectful or authoritarian parenting.
  • Higher-order development contexts: Broader social and cultural factors.

Unit Four & Five

  • Family violence (subtle forms): Yelling/fighting in front of children.
  • Common form of child maltreatment: Neglect.
  • Adverse Childhood Experiences (ACEs) effects: Increased risk of mental health disorders, chronic diseases and developmental delays.
  • Emotional regulation: Child's ability to manage emotions effectively.
  • Developmental theories: Piaget, Erikson, and Vygotsky.
  • Traditional view of development: Focused on universal, predictable stages.

Additional Questions

  • Longitudinal research advantage: Tracks same participants over time.
  • Goodness of fit: Alignment of a child's needs with the environment.
  • Cognitive development theory: Piaget's theory, focusing on cognitive stages.
  • Parenting styles: Authoritative, authoritarian, permissive.
  • Child development impacts: Cultural and social influences.
  • Vulnerable prenatal period: Embryonic period.
  • Cross-sectional design limitations: Cannot show age-related changes over time.
  • Sequential design: Combines cross-sectional and longitudinal data.

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Explore developmental psychology, covering key definitions such as physical, cognitive, and social development. Learn about traditional and cultural perspectives, Piaget's and Erikson's theories, and Bowlby's attachment framework. Understand the role of context and research in development.

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