Unit Cost Data Can Potentially Mislead Decision Makers When ________

question 180

Multiple Choice

Unit cost data can potentially mislead decision makers when ________ costs are included.

• A)sunk
• B)irrelevant
• C)opportunity
• D)relevant

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Definitions:

Recency Effect

This refers to the tendency to remember the most recently presented information best.

Implicit Memory

The system for long-term storage of unconscious memories that cannot be verbally described.

Levels of Processing Model

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to merely repeating the word to oneself.