The Expenses That an Organization Incurs on Rent, Utilities, and Staff

question 69

Multiple Choice

The expenses that an organization incurs on rent, utilities, and staff support are termed

• A) return on investment.
• B) relative costs.
• C) core costs.
• D) overhead.

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Definitions:

Invoice Approval

The process of reviewing and verifying supplier invoices before payment is made, ensuring the amounts billed are accurate and authorized.

Check Authorization

A process used in financial management where a check's validity and accuracy are verified before it's processed for payment.

Depositor's Account

An account maintained by a depositor at a financial institution, representing deposited funds that can be withdrawn.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services, such as currency exchange.