Repeated Exposure to a Person or Situation Will Cause Memory

question 29

Multiple Choice

Repeated exposure to a person or situation will cause memory for specific instances to fade, making it difficult to recall details of any one episode. This can be problematic, but it can also be seen as a good thing. In what way does this process benefit us?

• A) It keeps only the most important information we need.
• B) It leads to the creation of general knowledge.
• C) It keeps our autobiographical memory organized.
• D) It provides no benefit.

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Definitions:

Bank Reconciliation

The process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.

Corrected Cash Balance

An adjustment made to a company's book balance of cash to reflect accurate amounts after reconciliation.

Bank Service Charges

Fees charged by banks for account maintenance, transactions, and other financial services provided to customers.

Book Balance

The amount of money a company reports in its financial statements, not necessarily reflecting the actual cash available.