Which of the Following Expenses Incurred by a Department Store

question 48

Multiple Choice

Which of the following expenses incurred by a department store is an indirect expense?

• A) Insurance on merchandise inventory
• B) Sales salaries
• C) Depreciation on store equipment
• D) Salary of vice-president of finance

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Definitions:

Stewardship

The act of managing or looking after another's property, finances, or affairs responsibly and ethically, often used in contexts of environmental conservation and nonprofit management.

Organization's Assets

The total resources owned by an organization, including physical items, financial resources, and intangible items like goodwill and intellectual property.

Nonprofit's Mission

The foundational statement that guides a nonprofit organization's objectives, strategies, and actions, outlining its purpose and the community or cause it serves.

Organization's Board

A group of individuals elected or appointed to oversee and govern the activities and strategic direction of an organization.