________ Are the Expenses That Occur in an Entity's Major

question 160

Multiple Choice

________ are the expenses that occur in an entity's major line of business.

• A)Selling expenses
• B)Administrative expenses
• C)Operating expenses
• D)Overhead expenses

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Definitions:

Collectively Consumed

Products or services that are used or consumed by a group of people simultaneously, such as public goods.

Exclude

To deliberately leave something or someone out of a group, list, or conversation.

Private Sector

The sector of the economy operated by private individuals and businesses aiming for profit, without direct governmental management.

Excluded

Not included, left out, or omitted from a group, list, or category.