Final answer:
The correct order of the information transaction process is Encoding, Transmission, Decoding, and Feedback. Encoding is finding the sensory information, Transmission is the conveyance of this information, Decoding is the interpretation by the recipient, and Feedback is the response given.
Step-by-step explanation:
The steps of the information transaction process occur in a specific order. First is Encoding, the process by which we get information into our brains. This involves the input of information into the memory system, where our brains label or code the sensory information from the environment and organize it with similar information, connecting new concepts to existing concepts. Second is Transmission, which refers to conveying the encoded information to another location or system. In biological terms, this can relate to how sensory information is transmitted via action potentials over a sensory receptor's afferent axons. Third is Decoding, which is the interpretation of the transmitted information by the recipient. Lastly is Feedback, a response to the initial message that can influence future communications.