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Information Is Stored in Long-Term Memory in Two Ways

question 111

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Information is stored in long-term memory in two ways. Tim is able to remember the fact that he went to the cinema on a Saturday last month because we store data ______ and he is able to remember the plot, actors and director because we also store data _______.


Definitions:

Pretax Return

The income an investor or business earns before any taxes are deducted.

Net Present Value

A financial measurement that calculates the value of a project or investment by discounting the expected future cash flows to their present value using a specific discount rate.

Tractor-Trailer

A vehicle configuration consisting of a front tractor unit coupled to a trailer carrying cargo.

Operating Costs

Expenses associated with the day-to-day functions of a business, excluding costs related to production.

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