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Many Companies Have Used Simulation to Determine Which of Several

question 10

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Many companies have used simulation to determine which of several possible investment projects they should choose.This is often referred to as


Definitions:

Encoding

The process of converting information into a form that can be stored in memory.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Echoic

Pertaining to auditory processing, specifically the memory system that retains auditory information.

Atkinson And Shiffrin

Atkinson and Shiffrin developed the multi-store model of memory, which proposes that memory consists of three stores: a sensory register, short-term memory, and long-term memory.

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