________ are costs,other than the cost of goods sold,incurred in producing a good or service.

Question

Quizplus · Accepted Answer

Operating expenses are costs incurred in the normal course of business operations, such as rent, utilities, employee salaries, advertising, and maintenance. These expenses are necessary for a business to operate effectively and generate revenue.

Options A and D are incorrect as operating income is the revenue earned after deducting the cost of goods sold and other operating expenses, while inventory expenses only refer to the costs of acquiring, storing, and selling inventory. Option B is incorrect as depreciation is the systematic allocation of the cost of a long-term asset over its useful life and does not reflect the ongoing costs of producing a good or service.

________ Are Costs,other Than the Cost of Goods Sold,incurred in Producing