Which of the Following Is a Classification of Expenses Using

question 108

Multiple Choice

Which of the following is a classification of expenses using the nature approach?

• A)cost of goods sold
• B)postage expense
• C)sales expense
• D)administration expense

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Definitions:

Deal

An agreement or arrangement, often in a commercial context, where goods, services, or terms are exchanged.

Advertising Program

A coordinated effort that involves designing and delivering advertising messages to promote a product, service, or brand to a targeted audience.

Sweepstakes

A type of contest or promotion where winners are selected by chance, often used by businesses for marketing purposes.

Contest

A competitive event where participants strive to win by meeting or surpassing certain criteria.