Information at the Beginning and End of a List Tends

question 163

Multiple Choice

Information at the beginning and end of a list tends to be more easily recalled than information in the middle of the list. This cognitive process is called

• A)encoding.
• B)chunking.
• C)serial-position effect.
• D)the Magic Number Seven.

Explain the concept of social classes and their influence on consumer buying behavior.

Understand the components and significance of planning in human resources management.

Identify the role and characteristics of external recruitment sources including headhunters.

Recognize the importance and methods of verifying applicant references.

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Definitions:

Cash Surpluses

Excess funds that a business possesses after it has paid all expenses and liabilities, which can be used for investment, paying down debt, or other purposes.

Disbursement Float

The interval when funds are disbursed from a payer's account until the payee's bank credits the amount.

Ledger Float

The time difference between when a check is written and when it is actually deducted from the payer's account.

Collection Float

The time period between when a check is deposited into a bank account and when the funds are available.