The Fact That It Is Easier to Recall Items at the Beginning

question 113

Multiple Choice

The fact that it is easier to recall items at the beginning and end of a list of unrelated items is known as the __________

• A) phi phenomenon.
• B) implicit memory effect.
• C) serial position effect.
• D) sequestering effect.

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Definitions:

Liabilities

Financial obligations or debts owed by a company to others, which must be settled over time by transferring economic benefits.

Expenses

The costs incurred in the process of generating revenue, such as rent, utilities, and salaries.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise. It serves as the starting point for determining net income.

Total Liabilities

The cumulative amount of all debts and financial obligations a company owes to outside parties.