Elementary School Students in the U

question 30

Multiple Choice

Elementary school students in the U.S.are often taught to use the very familiar word "HOMES" as a cue for remembering the names of the Great Lakes (each letter in "HOMES" provides a first-letter cue for one of the lakes: Huron, Ontario, Michigan, Erie, Superior) . This memory procedure usually works better than repeating the names over and over, which provides an example of

• A) a self-reference effect.
• B) repetition priming.
• C) implicit memory.
• D) elaborative rehearsal.

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Definitions:

Variable Costing

Variable costing is an accounting method that includes only variable production costs in the cost of goods sold and inventory valuation.

Net Income

This is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Variable Costing

An accounting method that only considers variable costs (costs that change with production levels) in determining product cost, excluding fixed costs.