Working Memory Is Useful in Our Daily Lives Because

question 52

Multiple Choice

Working memory is useful in our daily lives because

• A) it is flexible, so that you can work on a variety of tasks within a short time period.
• B) it has a strict limit; you, therefore, cannot confuse one task with another task.
• C) it accurately stores items for up to 10 minutes, even when you are working on another task.
• D) it has no upper limit.

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Definitions:

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Uncollectible Account

A receivable owed to a company that is considered unlikley to be paid and is written off as a loss.

Other Receivable

Amounts owed to the company from parties other than customers, typically within a short time frame.

Uncollectible Receivables

Money owed to a company that is unlikely to be paid by the debtor, leading to its classification as a bad debt.