THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is an operating cost?
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Something a business pays before the company starts
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Something the company receives
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Something the company pays for their day to day running
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Something the company cant afford
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Explanation:
Detailed explanation-1: -Operating costs are the ongoing expenses incurred from the normal day-to-day of running a business. Operating costs include both costs of goods sold (COGS) and other operating expenses-often called selling, general, and administrative (SG&A) expenses.
Detailed explanation-2: -The running costs of a business are the amount of money that is regularly spent on things such as salaries, heating, lighting, and rent.
Detailed explanation-3: -Examples include rent, travel, utilities, salaries, office supplies, maintenance and repairs, property taxes and depreciation (see below for a more comprehensive list).
There is 1 question to complete.