Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Question 11:
How can you cut in administrative expenses?
Expert Solution
Step 1
An administrative expenses are referred to as an expenses, where the company used to incur the expenses that does not directly related to the specified core function like - sales, manufacturing, or production. Overhead expenses that are related to the company as a whole, which are opposed to the business units or individual departments.
Administrative expenses often identified as the budget cuts in the first place as it does not have a direct impact on the major business function of the corporation. Management usually allocate an administrative expenses on the basis of the expense, revenue, or some other measures.
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