A Voucher Is an External Document Used to Accumulate Information

question 3

True/False

A voucher is an external document used to accumulate information to control cash disbursements and to ensure that a transaction is properly recorded.

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Definitions:

Comparative Advantage

The capacity of a person, business, or nation to provide a product or service with a smaller opportunity cost compared to rival entities.

World Trade Organization (WTO)

An organization of 164 nations (as of mid-2019) that oversees the provisions of the current world trade agreement, resolves trade disputes stemming from it, and holds forums for further rounds of trade negotiations.

Trade Deficits

A situation where the value of a country's imports exceeds the value of its exports.

Offshoring

The practice of shifting work previously done by domestic workers to workers located abroad.