_____ Are Those Expenses That a Retailer Incurs in Running

question 82

Multiple Choice

_____ are those expenses that a retailer incurs in running the business other than the cost of the merchandise.

• A) Total assets
• B) Return expenses
• C) Current assets
• D) Operating expenses
• E) Prepaid expenses

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Definitions:

Bushels

A unit of volume that is used for quantities of dry commodities (such as grains or produce), where the capacity varies according to the commodity.

Profit

The financial gain made in a transaction or operation, calculated as total revenues minus total costs.

Production Function

A mathematical relationship expressing the amount of output generated from different amounts of inputs.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.