Which of the Following Statements Is NOT True

question 93

Multiple Choice

Which of the following statements is NOT true?

• A) Economics is a social science.
• B) Economics is an empirical science.
• C) Economics does not use theories.
• D) Economics is the study of how people allocate their limited resources to satisfy their unlimited wants.

Recognize the functions and types of intermediaries in the distribution process.

Identify the factors influencing the selection of transportation modes for goods.

Grasp the concept and operational principles of retailing, including factors affecting retailing decisions.

Understand the role and characteristics of wholesalers in the distribution channel.

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Definitions:

Deep Processing

A method of processing information that involves elaborate, meaningful analysis of information leading to better recall compared to shallow, superficial processing.

Iconic Memory

A type of visual sensory memory that holds a brief snapshot of a scene that has just been perceived, lasting only a quarter of a second.

Chunking

A memory strategy that involves dividing information into smaller, manageable units or chunks to improve retention and recall.

Semantic Memory

A category of persistent memory tasked with the ability to remember words, notions, or numerals, vital for both language interpretation and application.