__________ Are Long-Term Resources Used to Produce or Sell Products

question 103

Short Answer

__________ are long-term resources used to produce or sell products and services; they generally lack physical form and their benefits are highly uncertain.

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Definitions:

Implausible Events

Occurrences or scenarios which seem highly unlikely or unbelievable based on logical or empirical evidence.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, rather than merely repeating the term to oneself.

Rote Repetition

The process of learning or memorizing something through continuous repetition without understanding the underlying meaning.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.