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The Methods Used for the Premium Rates Establishment Are

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The methods used for the premium rates establishment are:

Identify and differentiate between types of memory: sensory, short-term, and long-term.
Explain the significance of attention in the process of memory.
Describe the functioning of sensory memory and its types: iconic and echoic memory.
Discuss the mechanisms involved in short-term memory, including its capacity and limitations.

Definitions:

Productivity

The efficiency at which individuals or systems produce goods or complete tasks.

Free Riding

A situation in which individual members of a group benefit from the efforts of others without contributing themselves.

Equity

A principle based on fairness, where individuals expect to receive rewards proportional to their contributions.

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

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