Operating Expenses Include ________

question 129

Multiple Choice

Operating expenses include ________.

• A) cost of goods sold
• B) expenses that occur in an entity's major line of business
• C) cost of goods sold, selling expenses, and administrative expenses
• D) loss on sale of plant asset

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Definitions:

Household Electricity

Electrical power supplied to homes, used for operating appliances, lighting, and other domestic purposes.

Elastic

In economics, it describes a situation where the supply or demand for a good or service changes significantly when its price changes. High elasticity indicates that a slight price change could lead to a significant change in quantity demanded or supplied.

Percentage Change

A mathematical calculation that represents the degree of change over time, expressed as a percentage, to compare changes in quantities or measures.

Total Revenue

The comprehensive amount of financial earnings a company gathers from its sales and services over a designated period.