The Operating Expenses Section of an Income Statement for a Merchandising

question 185

Multiple Choice

The operating expenses section of an income statement for a merchandising company would not include

• A)Freight-out.
• B)Utilities expense.
• C)Cost of goods sold.
• D)Insurance expense.

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Definitions:

Financial Returns

The profit or loss generated on an investment over a specified period of time.

Customer Relationship Management

A strategy and software approach for managing and analyzing interactions with current and potential customers to improve business relationships.

Value Chain Management

The strategic analysis and optimization of activities involved in the creation, production, and delivery of goods and services.

Information Technology

The use of computers, software, networks, and other electronic devices to store, process, and exchange data and information.