Which of the Following Is an Operating Expense

question 76

Multiple Choice

Which of the following is an operating expense?

• A)Interest expense
• B)Interest revenue
• C)Salaries expense
• D)Freight-In

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Definitions:

Strict Liability in Tort

A legal principle holding a party responsible for damages or losses without the need to prove negligence or fault.

Business of Selling

The commercial activity of selling goods or services to customers for a profit.

Defective Product

A consumer item that is not safe for its intended use due to design, manufacturing, or labeling issues, potentially leading to liability for damages.

Industrywide Liability

A legal theory holding all companies within an industry responsible for harm caused by hazardous products or practices, regardless of individual culpability.