The Fact That It Is Easier to Recall Items at the Beginning

question 150

Multiple Choice

The fact that it is easier to recall items at the beginning and end of a list of unrelated items is known as the:

• A)primacy effect.
• B)curve of forgetting.
• C)serial position effect.
• D)recency effect.

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Definitions:

Net Float

Net float is the difference between the amount of checks written by a company and the amount that has been cleared and charged to the company's account, affecting its available balance.

Collection

The process of obtaining payment on outstanding accounts or the grouping of specific items, as in art or stamps.

Disbursements Float

The time difference between when a payment is made by a firm and when the funds are actually withdrawn from the firm's bank account.

Preauthorized Payments

Automated payments set up to charge a bank account or credit card for recurring bills or subscriptions on a pre-set schedule.