Costs Incurred or the Using Up of Assets as a Result

question 141

Multiple Choice

Costs incurred or the using up of assets as a result of the main operations of a business are called

• A) liabilities
• B) equity
• C) revenues
• D) expenses
• E) net losses

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Definitions:

Low-Performing

Referring to an individual or entity that fails to meet expected or standard levels of productivity or achievement.

Friendly Competitive

A situation in which competitors interact in a positive and supportive manner while still striving to win.

Supervisory Skills

The set of abilities and competencies that a person needs in order to oversee, guide, and motivate employees effectively.

Acknowledgement Skills

The capacity to recognize and validate the feelings, thoughts, or contributions of others.