If Microsoft Is Determining Whether to Build a New Plant

question 47

Multiple Choice

If Microsoft is determining whether to build a new plant in Southern California or in New Mexico, it is making a(n) ________ decision.

• A) immediate-run
• B) long-run
• C) short-run
• D) variable-input

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Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Atkinson-Shiffrin

A model of memory proposed by Richard Atkinson and Richard Shiffrin that describes it in terms of three stores: sensory memory, short-term memory, and long-term memory.

Activated Memory

Memory that is readily accessible and currently in use.

Limited-Capacity

Refers to the finite amount of information or cognitive resource that an individual can process at one time.