Expenses That Fall Outside the Regular Operations of a Business

question 109

Multiple Choice

Expenses that fall outside the regular operations of a business are:

• A)not shown in the income statement of a merchandiser.
• B)treated as current assets and are shown as merchandise inventory.
• C)included under the other revenues and expenses section of the income statement.
• D)included in the selling and administrative expense section of the income statement.

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Definitions:

Administrative Function

Activities related to managing an organization's operations, including planning, organizing, directing, and controlling resources.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance in service of an employer's strategic objectives.

HR Generalist

A human resources professional responsible for a broad range of HR functions, including recruitment, training, benefits management, and compliance.

Recruitment and Selection

This refers to the process by which companies identify, attract, and hire the best candidates for job vacancies.