Schemas and Scripts Are Valuable Memory Tools Because They

question 139

Multiple Choice

Schemas and scripts are valuable memory tools because they

• A)assist us in interpreting new situations.
• B)facilitate the encoding of information in memory.
• C)often oversimplify a complex reality.
• D)reduce the amount of information that must be stored in long-term memory.

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Definitions:

Horizontal Analysis

Financial analysis that compares an item in a current statement with the same item in prior statements in terms of the amount and percentage of change.

Base Year

A specific year chosen as a point of comparison for financial or economic data over time.

Current Position Analysis

The evaluation of a company’s ability to pay its current liabilities.

Short-Term Creditors

Entities or individuals who have provided financial credit to a company with the expectation of being repaid within a short period, usually within a year.