The Cost of Running the Business,including Rent,utilities,administration,salaries,marketing,etc

question 36

Multiple Choice

The cost of running the business,including rent,utilities,administration,salaries,marketing,etc.,is referred to as which of the following?

• A)cost of goods sold
• B)operating expenses
• C)infrastructure costs
• D)nonsales costs

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Definitions:

Pork-Barrel Politics

Pork-barrel politics involve government spending for localized projects secured solely or primarily to bring money to a representative's district; often criticized when it is done to gain favor with local voters.

Public Good

A service or product given to every member of a society for free, by either the government or a non-profit organization or individual.

Social Benefits

The advantages and improvements to society and communities resulting from actions, policies, or investments, including education, health, and public safety.

Paradox Of Voting

A situation where paired-choice voting by majority rule fails to provide a consistent ranking of society’s preferences for public goods or public services.