How Much Information Can Be Stored in Long-Term Memory

question 70

Multiple Choice

How much information can be stored in long-term memory?

• A) A million chunks
• B) It depends upon how well-rehearsed the information is
• C) There is no known limit
• D) It depends upon what kind of information is being stored

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Definitions:

Owner's Capital Account

An account on a company's balance sheet that represents the owner's investment and retained earnings in the business.

Credit Balance

This represents the amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger.

Owner's Drawings Account

A specific account used to track the withdrawals made by the owner from the business for personal use, rephrased from

Owner's Equity

The remaining value of an entity's assets after all debts have been subtracted, indicating the stake of shareholders or owners in the company.