Expenses That Support the Overall Operations of a Business and Include

question 63

Multiple Choice

Expenses that support the overall operations of a business and include the expenses relating to accounting,human resource management,and financial management are called:

• A)Cost of goods sold.
• B)Selling expenses.
• C)Purchasing expenses.
• D)General and administrative expenses.
• E)Non-operating activities.

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Definitions:

Cash Receipts

Money received by a business or individual, often recorded in the financial records to track income.

Cash Payments

Money disbursed by a business for various purposes, including operating expenses, debt repayment, and asset purchases.

Activity-Based Budgeting

A budgeting approach where budgets are developed based on the activities and resources needed to achieve specific goals or outputs.

Benefits of Budgeting

Benefits of budgeting include providing a financial framework for decision making, setting financial targets, and monitoring financial performance against those targets.