When Given a List of Items to Remember, People Tend

question 155

Multiple Choice

When given a list of items to remember, people tend to have better recall of the first items on the list than items on the middle of the list. This is known as the __________.

• A) phi phenomenon
• B) recency effect
• C) chunking effect
• D) primacy effect

---

Definitions:

Variable Costs

Expenses that change in proportion to the level of business activity or production volume, such as materials and labor costs.

EMV

Stands for Expected Monetary Value, a concept in risk management used to calculate the average outcome when the future includes scenarios that may or may not happen.

Setup Costs

The expenses involved in configuring a production process or equipment before manufacturing a new batch or type of product.

Variable Costs

Expenses that change in proportion to the level of production or business activity, such as raw materials, labor, and energy costs.