A Stimulus That Facilitates the Recall of Information from Long-Term

question 134

Multiple Choice

A stimulus that facilitates the recall of information from long-term memory is called a:

• A)retrieval cue.
• B)flashbulb memory.
• C)conservation.
• D)chunking.

Recognize the importance and methods of making services more tangible to consumers.

Comprehend the challenges in evaluating and marketing services due to their intangible nature.

Identify the four unique elements of services: intangibility, inconsistency, inseparability, and inventory.

Understand the role and growth of services in the economy.

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Definitions:

Expense

Expense is the cost of operations that a company incurs to generate revenue, encompassing everything from rent and salaries to utilities and materials.

Periodic Inventory Method

An accounting method which involves physically counting the inventory at specific intervals to determine the cost of goods sold and the ending inventory balance.

Income Summary

An account used in the closing process that aggregates all income and expenses to determine the net income or loss for the period.