Pawel Is Stopped on the Street by a Passer-By Who

question 318

Multiple Choice

Pawel is stopped on the street by a passer-by who wants to know if he knows of a good Thai restaurant in the neighbourhood.He tries to recall the closest Thai restaurant.What basic activity of memory is Pawel doing?

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

---

Definitions:

Work In Process Inventory

The value of partially completed goods which are still in the production process at a particular point in time.

Equivalent Units

A measurement used in process costing that converts partial work on units into a number of fully completed units.

First-In, First-Out

An inventory management and valuation method where the oldest inventory items are sold or used first.

Equivalent Units

A concept used in process costing that converts partially completed units into a number of equivalent fully completed units.