You Are Taking a Biology Class

question 137

Multiple Choice

You are taking a biology class. During lecture, you listen, take notes, and think about how the information is related to you. These are examples of _____ information into memory. When you rehearse this information, you are facilitating _____. During a test, you must remember the information, which is called _____.

• A)storage; retrieval; encoding
• B)encoding; retrieval; storage
• C)storage; encoding; retrieval
• D)encoding; storage; retrieval

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Definitions:

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction, primarily in the United States.

Expense Recognition

The accounting principle that dictates the timing of reporting an expense in the financial statements, ensuring expenses are recorded when incurred.

Revenue Recognition

The accounting principle that dictates the conditions under which revenue is recognized and recorded, often requiring that revenue is earned and measurable.

Implicit Rate

An interest rate that is indirectly indicated but not explicitly defined, often used in lease agreements to represent the lessor’s return.