Among industrial products,expense items are any materials and services that are consumed within a year by firms producing other goods and supplying other services.

Question

Quizplus · Accepted Answer

Expense items are indeed materials and services consumed within a year by firms that produce other goods and services. These are typically recurring expenses that are necessary for the day-to-day operations of a business, such as office supplies, cleaning services, and utilities. They are distinguished from capital expenditures, which are investments in long-term assets such as buildings, equipment, and vehicles that are expected to generate a return for the company over multiple years.

Among Industrial Products,expense Items Are Any Materials and Services That