Ongoing Expenses Incurred by the Entity, Other Than Direct Expenses

question 119

Multiple Choice

Ongoing expenses incurred by the entity, other than direct expenses for merchandise and other costs directly related to sales, are called:

• A)cost of goods sold.
• B)extraordinary items.
• C)operating expenses.
• D)other expenses.

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Definitions:

Voluntary Behavior

Actions that are under conscious control, as opposed to automatic or reflexive behaviors.

Thorndike's Law

A principle of learning that emphasizes the effect of rewards and punishments on behavior, suggesting that actions followed by positive outcomes are reinforced and more likely to be repeated.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, making it likely that the behavior will be repeated in the future.

Involuntary

Actions or reactions that occur without conscious control or choice.