A Tickler File Is the Same as The

question 12

Multiple Choice

A tickler file is the same as the:

• A)accounts receivable file.
• B)accounts payable file.
• C)paid vouchers file.
• D)unpaid vouchers file.

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Definitions:

Opportunity Cost

Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Tractor

A powerful vehicle designed primarily for agricultural use, to pull farm machinery and plough agricultural land.

Motorcycle

A two-wheeled motorized vehicle, widely used for both transportation and recreation.

Comparative Advantage

A principle that states a country should produce and export goods for which it has a lower opportunity cost compared to other countries.