Which Statement Concerning Long-Term Memory Is TRUE

question 90

Multiple Choice

Which statement concerning long-term memory is TRUE?

• A)Information in long-term is stored permanently.
• B)Rehearsal is one of the primary methods information is moved from short-term to long-term.
• C)The longer information is in short-term,the more likely it will be stored in long-term.
• D)all of the above

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Definitions:

Cash Collections

The process of gathering all payments or receivables from customers over a specific period.

Accounts Receivable

Money owed to a business by its customers for products or services that have been delivered or used but not yet paid for.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including material and labor costs.

Collection Period

The average number of days it takes a company to collect payments from its credit sales, reflecting the efficiency of its credit and collection policies.