Expenses That Support the Overall Operations of a Business and Include

question 34

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) Administrative expenses.
• E) Nonoperating activities.

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Definitions:

Accounts Payable Period

The average number of days it takes for a business to pay its suppliers, indicative of the company's payment policies and cash flow management.

Quarterly Sales

The total revenue a company generates from its business activities during a specific three-month period of the fiscal year.

Purchase Price

The amount of money paid to acquire a product or service.

Accounts Payable Period

The average period it takes a company to pay its invoices from suppliers and vendors.