Educational Level Is the Most Single Determinant of Social Class

question 3

True/False

Educational level is the most single determinant of social class.

Understand the methodologies and findings of memory studies.

Identify factors that influence memory recall and recognition.

Differentiate between types of memories, such as flashbulb, autobiographical, and eyewitness memories.

Recognize the influence of emotions, distinctiveness, and rehearsal on memory retention.

---

Definitions:

Degree of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to its sales volume, showing the impact of fixed costs on earnings.

Net Operating Income

A measure of a company's profitability, calculated by subtracting operating expenses from gross profit, not including non-operating income and expenses, interest, and taxes.

Break-even Point

A situation where overall expenses and earnings balance out, leaving no profit or deficit.

Fixed Expenses

Recurring costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.