"It's Like Riding a Bike; Once You Know How, You

question 172

True/False

"It's like riding a bike; once you know how, you don't forget." This adage suggests that procedural memories are often explicit.

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Definitions:

Simple Payback

A financial metric that calculates the time required for an investment to generate cash flows or savings sufficient to recover its initial cost.

Original Expense

The initial cost or outlay for a project or activity before any adjustments, savings, or overages are applied.

Project Champion

An individual within an organization who promotes and supports a project, often helping overcome obstacles and garner executive sponsorship.

Influential Person

An individual who has the power to affect the opinions or actions of others due to their authority, knowledge, position, or relationships.