According to Bahrick,__________ Refers to a Very Long-Term Storage of Information.The

question 96

Multiple Choice

According to Bahrick,__________ refers to a very long-term storage of information.The information contained in this store may include,for example,knowledge of a foreign language and of mathematics acquired years or even decades earlier.

• A)permanent store
• B)permastore
• C)longest-term store
• D)infinite store

---

Definitions:

Implicit Costs

The opportunity costs of using resources owned by the firm for its operations instead of renting, selling, or utilizing them in other ways.

Implicit Costs

The opportunity costs of using resources that a firm already owns, typically non-out-of-pocket costs.

Explicit Costs

Direct, out-of-pocket payments for goods or services used in production, such as wages or rent.

Accounting Profit

The financial gain calculated by subtracting total explicit costs from total revenue, not considering implicit costs.