Representation, in Memory Science, MeAnswer

question 74

Multiple Choice

Representation, in memory science, meAnswer:

• A)how we store information when it is not currently in use.
• B)how we learn new information.
• C)if we will enter the memory into our prospective memory system.
• D)is synonymous with episodic memory, but is an older term.

---

Definitions:

Inventory Valuation Methods

Techniques used to calculate the cost of goods sold and ending inventory, such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and average cost methods.

Gross Profit Method

An accounting technique used to estimate the amount of ending inventory and cost of goods sold, based on the gross profit margin.

Gross Profit Ratio

A financial metric that indicates the proportion of money left over from revenues after deducting the cost of goods sold.

Inventory Destroyed

Inventory destroyed refers to stock that has been lost, damaged beyond repair, or otherwise rendered unsellable, and must be written off as a loss.