Which of the following explains an Operating Expense?

A. Any expense a business might incur.

B. An expense a business incurs through its normal operations.

C. An expense a business incurs outside normal operations.

D. None of the Above

What is the difference between COGS and Operating Expenses?

A. Operating Expenses are directly attributed to the product.

B. COGS are directly attributed to the product.

C. COGS are the overhead costs.

D. None of the Above 

Gross Profit - Operating Expenses =

A. COGS

B. EBIT

C. Operating Income

D. Net Sales

Which of the following is NOT a method of capitalizing a business?

A. Debt

B. Borrowed contributions

C. Equity

D. None of the Above (All are capitalizing methods)