Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management are called:
A) Cost of goods sold.
B) Non-operating activities.
C) General and administrative expenses.
D) Purchasing expenses.
E) Selling expenses.

Question

Quizplus · Accepted Answer

General and administrative expenses are the expenses that support the overall operations of a business, including accounting, human resource management, and financial management. Cost of goods sold and selling expenses are directly related to the production and sale of goods or services, whereas non-operating activities and purchasing expenses are not related to the overall operations of the business.

Expenses That Support the Overall Operations of a Business and Include