Research Has Shown That It Is Easier for People to Remember

question 88

Multiple Choice

Research has shown that it is easier for people to remember concrete words, such as dog or car, better than they can remember abstract concepts, such as justice or peace. It is believed to be due to the fact that people can more easily picture concrete concepts and thus put that information in their long-term memory via two different sensory "traces." That is, they put the word in long-term memory as well as an image of that word. Which term refers to this process in which two different sensory traces are available to remember something?

• A) repetition
• B) dual coding
• C) meaningful encoding
• D) chunking

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Definitions:

Future

A standardized financial contract obligating the buyer to purchase, and the seller to sell, a specific asset at a predetermined future date and price.

Transactions Exposure

The risk that a company's financial performance or position may be affected by fluctuations in exchange rates impacting transactions in foreign currencies.

Financial Risk

A potential for financial loss inherent in an investment or business operation.

Uncertain Prices

Prices that are not fixed or determined, often fluctuating due to various market conditions or uncertainties.