A File That Stores Data Used as a Standard When

question 8

Multiple Choice

A file that stores data used as a standard when processing transactions is

• A)a reference file
• B)a master file
• C)a transaction file
• D)an archive file

---

Definitions:

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Sales

the exchange of goods or services for money, representing a key activity for businesses to generate revenue.

Basket Of Goods

This term refers to a fixed set of consumer products and services valued on a regular basis for the purpose of tracking inflation in an economy.

CPI

The Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.