Assume the Following Cost of Goods Sold Data for a Company

question 144

Multiple Choice

Assume the following cost of goods sold data for a company: If 2014 is the base year, what is the percentage increase in cost of goods sold from 2014 to 2016?

• A)70.4%
• B)42%
• C)85.7%
• D)117%

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Definitions:

Explicit Memory

Memory in which there is conscious recollection of information, such as facts and events.

Implicit Memory

A category of memory where past experiences contribute to task performance without the person's conscious acknowledgment of these experiences.

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Encoding Failure

A situation where the brain’s attempt to store information is unsuccessful, leading to the inability to recall this information later.