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The textbook describes four cognitive functions that involve the central executive. Provide an example of an everyday task demonstrating each of these functions, and explain how each example involves the central executive.
Perpetual Inventory System
A digital system for inventory management that immediately documents any inventory sale or purchase using electronic point-of-sale systems along with enterprise asset management software.
MasterCard and VISA
Major global payment networks and companies facilitating electronic funds transfers through branded credit, debit, and prepaid cards.
Service Fee
A charge for the provision of a service, often separate from the cost of goods sold.
FOB Destination
A shipping term indicating that the seller bears freight charges and retains ownership of goods in transit until they are delivered and accepted by the buyer.
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