How might “inaccuracies” creep into our memory?
What will be an ideal response?
We do not simply reproduce what we store in our memory. Instead of objectively recalling an experience, we try to reconstruct a memory at the time of withdrawal. However, as we engage in retrospection or backward reasoning, inaccuracies may creep in. While trying to remember, we infer past occurrences based on who we are and what we now believe and know. We tend to recall information consistent with our schemata and discount or forget information that is not. On the other hand, if information dramatically contradicts any of our schemata, compelling us to think about it, this can lead us to revise the schemata we use.
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Should international transportation costs decrease, the effect on international trade would include
a. an increase in the total volume of trade. b. a smaller gain from trade for exporters. c. a decline in exported goods. d. a decrease in the level of specialization in production.
Of a company's employees, 75 percent typically qualify to receive two weeks' paid vacation out of 50 working weeks per year. The entry to record the amount of estimated liability for vacation pay for a week in which the total payroll is $9,600 :
a. Estimated Liability for Vacation Pay 144 Cash 144 b. Vacation Pay Expense 288 Estimated Liability for Vacation Pay 288 c. Vacation Pay Expense 7,200 Cash 7,200 d. Cash 256 Estimated Liability for Vacation Pay 256
In an internal transfer, the selling division records the event by crediting
a. Accounts Receivable and Cost of Goods Sold. b. Cost of Goods Sold and Finished Goods. c. Finished Goods and Accounts Receivable. d. Finished Goods and Intracompany Sales.
A useful measure used to evaluate the performance of an investment center is investment center residual income.
Answer the following statement true (T) or false (F)