Information in the Short-Term Memory Must Be Rehearsed in Order

question 94

Multiple Choice

Information in the short-term memory must be rehearsed in order to be retained for longer than about

• A) 1 or 2 seconds.
• B) 20 or 30 seconds.
• C) 5 seconds.
• D) 2 or 3 minutes.

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Definitions:

Accounts Receivable

Funds that are due to a company from its clients for the delivery of goods and services which payment is pending.

Net Assets

The total assets of a company minus its total liabilities; a measure of its financial health and value.

Equity

The value of an owner's interest in a property or business, calculated as the difference between the total assets and total liabilities.

Liabilities

Liabilities are obligations arising from past transactions expected to lead to an outflow of resources embodying economic benefits.