Which of the Following Is Not Categorized as an Operating

question 15

Multiple Choice

Which of the following is not categorized as an operating expense?

• A) the cost of products being sold
• B) marketing costs
• C) administrative overhead
• D) amortization of goodwill

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Definitions:

Liable

Legally responsible or obligated, often in the context of paying compensation for harm or damages.

Agency Relationship

A relationship between two parties in which one party (the agent) agrees to represent or act for another party (the principal).

Restatement (Third)

A reference to the third series of the Restatements of the Law, which are authoritative summaries of common law in the United States, aimed at clarifying, modernizing, and improving the law.

Automatic Termination

A clause within a contract or agreement that causes it to end automatically upon the occurrence of specific conditions.