Although Mnemonics Can Be Helpful for Remembering a Small Number

question 52

Multiple Choice

Although mnemonics can be helpful for remembering a small number of specific items (like a grocery list) , they do have some drawbacks. One such problem is

• A) using a mnemonic involves a trade-off of attention so that less attention is available for making the many memory connections that can help one understand the material.
• B) mnemonics only work when remembering up to seven items.
• C) mnemonics are particularly difficult to remember when specific information is being tested.
• D) the recall of all items by mnemonics is slow.

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Definitions:

Effective-interest Method

An accounting practice for amortizing the discount or premium on bonds or loans in a way that reflects a constant interest rate over the period.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, often used to assess the company's worth.

Bond Liability

A financial obligation representing money owed by an issuer to the holder of the bond, to be repaid at a future date, along with periodic interest payments.

Straight-line Method

A depreciation method that allocates an equal amount of the asset's cost to each year of its useful life.