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Which of the Following Lists the Three Types of Firms

question 125

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Which of the following lists the three types of firms in the United States from smallest to largest in terms of volume of sales?


Definitions:

Administrative Expense

Costs related to the general administration of a business, such as salaries of executive officers and costs of general services.

Estimated

An approximate calculation or judgment of a value, number, or quantity, based on limited information.

Selling and Administrative Expense

Overheads related to the selling of products and the management of an organization.

Variable

An element, feature, or factor that is liable to vary or change.

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