The expenses and taxes that are directly related to the wide-ranging operation of a company best define the term _____.
A)sunk costs
B)research and development costs
C)incentives and promotional costs
D)general and administrative costs

Question

Quizplus · Accepted Answer

General and administrative costs refer to the expenses and taxes that are directly related to the wide-ranging operation of a company, such as salaries of employees, rent, utilities, insurance, and other overhead expenses. Sunk costs refer to expenses that have already been incurred and cannot be recovered, research and development costs refer to expenses related to creating new products or improving existing ones, and incentives and promotional costs refer to expenses related to advertising, marketing, and sales promotions.

The Expenses and Taxes That Are Directly Related to the Wide-Ranging