One of the Most Widely Cited Articles in Psychology Is

question 38

Multiple Choice

One of the most widely cited articles in psychology is George Miller's (1956) article on the size of short-term memory. According to your text, this article was important in cognitive psychology because

• A) it clearly established the rigid limits of short-term memory's size.
• B) it demonstrated that short-term memory was distinctly different from long-term memory.
• C) it focused on a cognitive process-mentally converting the stimulus-at a time when most psychologists focused on people's external behavior.
• D) it showed that the key to the limits of short-term memory was the amount of time required to pronounce the stimuli.

---

Definitions:

Economic Value

The total value that an asset generates, encompassing both current and future benefits.

Useful Life

The estimated duration over which an asset is expected to be functional and economically useful.

Value-Based Pricing

A pricing strategy that sets product or service prices based on the perceived value to the customer rather than on the cost of production.

Operating Cost

Expenses associated with running a business's core operations, typically including costs of goods sold, labor, and overhead.