According to the Three-Component Model of Memory

question 50

Multiple Choice

According to the three-component model of memory

• A) echoic memory lasts longer than iconic memory.
• B) long-term memory retrieves information from the sensory input.
• C) long-term memory holds incoming sensory information.
• D) each component corresponds to a specific brain structure.
• E) short term memory is different from working memory.

---

Definitions:

Gross Profit

The earnings a company retains after subtracting the expenses incurred in the production and sale of its goods, or the expenses related to delivering its services.

Transaction Analysis

The examination of a business transaction to understand its effects on the financial statements.

Cash Flows

The inflows and outflows of cash and cash equivalents, indicating a company's liquidity and financial health over a period.

Transactions Identified

The process of recognizing and documenting specific financial events in the appropriate accounting period.