Scenario - Holly and Trent

question 51

Multiple Choice

Scenario - Holly and Trent
While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being self-employed required long hours and hard work, but with the help of her husband, Trent, Holly was positive that the hours and the work would be rewarded. First, she and Trent developed a new concept in sunglasses that could be used by athletes better than the sunglasses now on the market. Holly and Trent obtained a patent on their invention, and began production and marketing.
-After fully developing their new business idea, Holly and Trent recognize the need to develop a business plan. Typical business plans will include all of the following, except:

• A) mission or vision of the company.
• B) information about the suppliers.
• C) policy for extending credit to customers.
• D) analysis of critical risks that threaten success.
• E) all of these should be included.

---

Definitions:

Chunks

Memory units that consist of several components grouped together and processed as a single unit.

Episodic Memory

A form of memory that holds information about particular events, circumstances, and personal experiences over an extended period.

Implicit Memory

A type of long-term memory that enables us to perform tasks without conscious awareness, such as procedural tasks and skills.

Procedural Memory

A type of long-term memory involved in the learning and execution of motor skills and actions.