According to Prototype Theory, the Mental Representation for Each Concept

question 56

Multiple Choice

According to prototype theory, the mental representation for each concept

• A) represents an average or ideal for the category's members.
• B) specifies the necessary and sufficient conditions for category membership.
• C) is located on the boundary of the category.
• D) lists the perceptual features that are found only in that category.

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Definitions:

Capitalize

To record a cost as a long-term asset rather than an expense, spreading the cost over its useful life.

Amortize

To amortize means to gradually pay off or write down the cost of an asset or debt over a period, often through regular payments.

Immediate Write-Off

The process of fully expensing an asset or expenditure in the current period instead of spreading its cost over its useful life.

Capitalize

To record an expenditure as an asset on the balance sheet rather than expensing it, in order to spread the cost over its useful life.