All business expenses, other than the cost of merchandise, required to operate a business such as payroll, rent, utilities, and insurance are known as net losses.

Name: All business expenses, other than the cost of merchandise, required to operate a business such as payroll, rent, utilities, and insurance are known as net losses.
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Question

All business expenses, other than the cost of merchandise, required to operate a business such as payroll, rent, utilities, and insurance are known as net losses.​

Quizplus · Accepted Answer

These expenses are known as operating expenses, not net losses. Net losses occur when total expenses exceed total revenues.

All Business Expenses, Other Than the Cost of Merchandise, Required