A Tickler File Is One That Is Reviewed on a Current

question 71

True/False

A tickler file is one that is reviewed on a current and regular basis for the purpose of taking action to clear the items from that file.

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Definitions:

Normal Goods

Goods for which demand increases as the income of the consumer increases and falls when the income of the consumer decreases, all else being equal.

Incomes

Funds earned, frequently in a regular pattern, whether from occupational activities or investments.

Demand

The quantity of a good or service that consumers are willing and able to purchase at different prices during a specific time period.

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a change in price.