Question

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. Selling expenses.
C. Purchasing expenses.
D. General and administrative expenses.
E. Non-operating activities.

Answer 1

Answer:

the correct option is D) General and administrative expenses.

Explanation:

Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management are called General and administrative expenses.

Additional examples of expenses in this category include rent, advertising, marketing, litigation, travel, meals, management salaries and bonuses.