Which of the Following Items Would NOT Appear on an Income

question 99

Multiple Choice

Which of the following items would NOT appear on an income statement of a service organization?

• A)selling expenses
• B)cost of goods sold
• C)administrative expenses
• D)gross margin

Recognize the consequences of leadership actions on organizational outcomes.

Discuss the concept of social exchange in leadership and its implications.

Explore how leadership influences and is influenced by organizational hierarchy.

Examine the effects of personal attributes and social perceptions on leadership.

---

Definitions:

Widgets

Widgets are hypothetical, often simplified products or units used in economic and financial explanations and problems.

Total Revenues

The total money received by a company for goods sold or services provided during a certain time period.

Total Costs

The total amount of money spent on producing goods or services, encompassing both constant and fluctuating expenses.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.