A cost of doing business is referred to as a(n)______ and it is necessary to earn ______.

Question

Quizplus · Accepted Answer

A cost of doing business is also called an expense and it is necessary to earn revenue in order to cover those expenses and ultimately make a profit. A liability is a debt owed by the company and dividends are payments made to shareholders out of profits, but neither of these options accurately describe a cost of doing business.

A Cost of Doing Business Is Referred to as A(n)______