Imagine That You Are Sitting in Class, Listening to Your

question 37

Multiple Choice

Imagine that you are sitting in class, listening to your professor lecture, viewing slides on the projector that he is flipping through. Your brain understands these slides as varying forms of light. This translation is an example of _____.

• A) storage
• B) encoding
• C) retrieval
• D) a translator

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Definitions:

Incremental Cash Flow

The extra money a company gains by embarking on a project or investment.

Credit Policies

Guidelines a company follows to determine credit terms for customers, including who is eligible for credit and on what terms.

Switching

The act of changing from one option, system, service, product, or company to another, often seen in customers changing providers or businesses changing suppliers or technologies.

Economic Order Quantity

A formula used by companies to determine the optimal order size that minimizes the total costs associated with inventory.