Frank Is Organizing His Grocery List into a Set of Categories

question 8

Multiple Choice

Frank is organizing his grocery list into a set of categories in order to remember what he needs to buy at the store.Frank is using what type of memory technique?

• A)acrostics
• B)keyword system
• C)pegword system
• D)categorical clustering

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Definitions:

Time Value

The concept that money available at the present time is worth more than the same amount in the future, due to its potential earning capacity.

Fair Value Allocation

The process of estimating the market value of assets and liabilities acquired in a business combination for the purpose of financial reporting.

Intangible Asset

An intangible asset is a non-physical asset possessed by a company, such as patents, trademarks, and goodwill, that can produce future economic benefits.

Impairment

This term refers to a permanent reduction in the value of a company's asset, typically as a result of a change in market conditions or damage to the asset.