As You Drive Down the Street,you See Many Things but Remember

question 299

Multiple Choice

As you drive down the street,you see many things but remember only a few.Which of the following might explain this?

• A) You need to rehearse items to retain them in short-term memory.
• B) Although you held it in working memory, you never stored it in long-term memory.
• C) Most of the items you saw were only held in iconic memory which is very short.
• D) You did not need the information, so you took it out of long-term memory.

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Definitions:

Gain

The increase in value of an asset or decrease in liabilities resulting in an increase in owners' equity, except those relating to contributions from owners.

Fully Depreciated

The status of an asset whose entire cost has been expensed and has reached the end of its useful life according to accounting standards.

Gain on Disposal

The financial profit obtained from the sale of a fixed asset when the sale price exceeds the book value of the asset.

Loss on Disposal

This reflects the financial loss incurred when an asset is sold or disposed of for less than its recorded book value.