Which of the Following Statements Is True Given the Data

question 177

Multiple Choice

Which of the following statements is true given the data below?
$$\begin{array} { | l | r | r | } \hline & \text { Company A } & \text { Company B } \\\hline \text { Sales } & \$ 250,000 & \$ 400,000 \\\hline \text { Ending Accounts Receivable } & \$ 55,000 & \$ 55,000 \\\hline\end{array}$$

• A) Both companies have the same degree of liquidity with regard to their accounts receivables
• B) Company A is likely to collect account receivables more quickly than Company B
• C) Company B is likely to collect account receivables more quickly than Company A
• D) Company A and Company B will likely collect account receivables at the same time
• E) It is impossible to estimate how much time it will take for these companies to collect their receivable based on the given information

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Definitions:

Encoding Specificity

A principle of retrieval asserted by Tulving. At the time material is first put into long-term memory, it is encoded in a particular way, depending on the context present at the time. At the time of recall, the person is at a great advantage if the same contextually supplied information available at encoding is once again available.

Connectionism

An approach to cognition emphasizing parallel processing of information through immense networks of interconnected nodes. Models developed in the connectionist tradition are sometimes declared to share certain similarities with the way collections of neurons operate in the brain; hence, some connectionist models are referred to as neural networks.

Hierarchical Network Model

A cognitive psychology theory proposing that mental categories are organized in a hierarchical manner, where broader categories encompass more specific ones.

Collins

Commonly refers to Allan Collins, a cognitive scientist known for his work in educational technology and the development of learning theories, including the Cognitive Apprenticeship model.