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?

AOperating expenses

BCurrent liabilities

CCurrent debt

DTotal expenses

Show Suggested Answer

Suggested Answer: A

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

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Francine

2 days 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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Scarlet

9 days 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

11 days 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

14 days ago

B) Current liabilities? Really? That's just the short-term debts, not the actual operational costs.

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Makeda

16 days ago

D) Total expenses seems like the most comprehensive option, but I'm not completely sure.

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Beth

24 hours ago

B) Current liabilities are different from operating expenses.

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Charlena

3 days ago

A) Operating expenses are the usual and customary costs that a company incurs to support its main business.

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Louvenia

19 days 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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Paola

6 days 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

8 days ago

A) Operating expenses

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Stevie

23 days ago

I agree with Dan. Operating expenses are the costs incurred to support the main business.

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Dan

26 days ago

I think the answer is A) Operating expenses.

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