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Worldatwork Exam T7 Topic 3 Question 103 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 103
Topic #: 3
[All T7 Questions]

What are the usual and customary costs that a company incurs to support its main business called?

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Suggested Answer: A

by Tony at Nov 12, 2024, 11:54 PM

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Lashawnda
1 months ago
Haha, I'm just hoping I don't accidentally bubble in C) Current debt and lose all my points. That would be a rookie mistake!
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Tonette
21 days ago
User 2: Yeah, C) Current debt is definitely not the right answer.
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Antonio
21 days ago
User 1: Don't worry, it's A) Operating expenses.
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Francine
2 months ago
I bet the answer is A) Operating expenses. That's what they teach us in Accounting 101 - the costs of daily operations.
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Lorenza
11 days ago
D) Total expenses include all costs incurred by the company.
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Lucia
13 days ago
C) Current debt is the portion of long-term debt due within a year.
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Annamae
14 days ago
Total expenses include all costs incurred by a company, not just the usual and customary ones.
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Adell
18 days ago
D) Total expenses
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Mable
26 days ago
B) Current liabilities are debts due within a year.
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Xochitl
29 days ago
No, current liabilities are debts that are due within one year.
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Lashanda
30 days ago
A) Operating expenses include costs like rent, utilities, and salaries.
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Michael
1 months ago
B) Current liabilities
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Elliott
1 months ago
That's correct! Operating expenses are the usual and customary costs that a company incurs to support its main business.
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Sunny
1 months ago
A) Operating expenses
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Scarlet
2 months ago
I'm not sure, but I think it's D) Total expenses because it includes all costs, not just operating expenses.
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Galen
2 months ago
Hmm, I was going to say A) Operating expenses, but now I'm second-guessing myself. Why do they have to make these questions so tricky?
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Myrtie
2 months ago
B) Current liabilities? Really? That's just the short-term debts, not the actual operational costs.
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Makeda
2 months ago
D) Total expenses seems like the most comprehensive option, but I'm not completely sure.
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Linn
1 months ago
D) Total expenses include all costs incurred by the company, not just operating expenses.
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Beth
2 months ago
B) Current liabilities are different from operating expenses.
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Charlena
2 months ago
A) Operating expenses are the usual and customary costs that a company incurs to support its main business.
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Louvenia
2 months ago
I think the answer is A) Operating expenses. That's the standard term for the regular costs of running a business.
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Pura
26 days ago
No, current liabilities refer to debts that are due within one year, not the regular costs of running a business.
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Edgar
1 months ago
B) Current liabilities
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Paola
2 months ago
Yes, that's correct. Operating expenses are the usual and customary costs that a company incurs to support its main business.
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Jimmie
2 months ago
A) Operating expenses
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Stevie
2 months ago
I agree with Dan. Operating expenses are the costs incurred to support the main business.
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Dan
2 months ago
I think the answer is A) Operating expenses.
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