Question

Expenses that support a company's overall operations and include expenses related to accounting, human resources, and finance are known as?

1) Operating expenses
2) Administrative expenses
3) Overhead expenses
4) Fixed expenses

Answer 1

Administrative expenses are the expenses that support a company's overall operations, including accounting, human resources, and finance.

Step-by-step explanation:

Expenses that support a company's overall operations and include expenses related to accounting, human resources, and finance are known as Administrative expenses. These expenses are necessary for the day-to-day functioning of the business and are not directly tied to the production of goods or services. Examples of administrative expenses include salaries of administrative staff, office supplies, and utility bills.