When You Associate the Meaning of New Information with Other

question 8

Multiple Choice

When you associate the meaning of new information with other information already stored in your memory, you are using a process called:

• A) elaborative rehearsal.
• B) rote rehearsal.
• C) visualization.
• D) acrostics.

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Definitions:

Accounts Receivable Balance

The overall financial dues that customers owe a business for the receipt of goods or services which are unpaid.

Finance Charges

The cost of borrowing money, including interest and other fees, that a lender charges a borrower for the use of funds.

Accounts Receivable Period

The average number of days it takes a company to collect payment after a sale has been made.

Controller

A senior financial officer responsible for managing a company's accounting operations, including the production of periodic financial reports, maintenance of accounting records, and a comprehensive set of controls and budgets.