The Cost of Running the Business,including Rent,utilities,administration,salaries,marketing,etc

question 36

Multiple Choice

The cost of running the business,including rent,utilities,administration,salaries,marketing,etc.,is referred to as which of the following?

• A)cost of goods sold
• B)operating expenses
• C)infrastructure costs
• D)nonsales costs

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Definitions:

Wealth

An abundance of valuable financial assets or physical possessions which can be transformed into forms that can be used for transactions.

Financial Assets

Assets that derive value from a contractual claim on future earnings or from owning equity in a company, such as stocks, bonds, or bank deposits.

Income Inequality

The unequal allocation of income among individuals in a community, resulting in differences in wealth and life quality.