Arkansas State Barber Practice Exam

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Business operating expenses are also known as:

assets
liabilities
overhead
equities

The correct answer is: overhead

Business operating expenses, also referred to as overhead, include all the ongoing costs associated with running a business such as rent, utilities, and employee salaries. Option A, assets, refers to resources that are used to generate income and are expected to provide future economic benefits. Option B, liabilities, refers to debts and obligations owed by a business. Option D, equities, refers to the total value of a business after all liabilities are subtracted from assets. While these may also be important considerations for a business, they do not specifically encompass all the ongoing expenses required for day-to-day operations. Therefore, C overhead is the most accurate description for business operating expenses.