Costs of Goods Sold Includes Which of the Following

question 49

Multiple Choice

Costs of Goods Sold includes which of the following?

• A) The actual cost of the item
• B) Administrative fees
• C) Management salaries
• D) Depreciation expense
• E) Selling expense

---

Definitions:

Functionalism

A theoretical framework in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Robert Merton

An influential sociologist known for developing theories such as the strain theory and concepts like self-fulfilling prophecy.

Erving Goffman

A highly influential sociologist known for his works on symbolic interactionism, he explored social identity, group dynamics, and the concept of the "presentation of self" in everyday life.

Talcott Parsons

An influential American sociologist known for his development of a general theory for the study of society, which he called structural functionalism.