The spelling of "running expenses" can be challenging due to the combination of letters that create a unique sound. The correct pronunciation of "running" is /ˈrʌnɪŋ/, while "expenses" should be pronounced as /ɪkˈspɛnsɪz/. The two words together are pronounced as /ˈrʌnɪŋ ɪkˈspɛnsɪz/. "Running" has two syllables and the stress is on the first syllable, while "expenses" has three syllables and the stress is on the second syllable. It is important to focus on the letter combinations in each word to avoid misspellings.
Running expenses, also known as operating expenses or operating costs, refer to the ongoing costs that a business incurs to keep its day-to-day operations running smoothly. These expenses are necessary and include various aspects of the business such as rent, utilities, salaries, insurance, equipment maintenance, and marketing expenses, among others.
Rent or lease payments make up one of the significant running expenses for businesses that require a physical space to operate. Additionally, utility expenses such as electricity, water, and heating or cooling costs are considered running expenses. Salaries and wages paid to employees, along with associated expenses like payroll taxes and benefits, are another crucial component of running expenses.
Insurance costs, including liability insurance, property insurance, and workers' compensation coverage, are considered running expenses since they safeguard the business against potential risks and uncertainties. Equipment maintenance costs, including repairs and regular servicing to ensure optimal performance, are also categorized as running expenses.
Furthermore, expenditures on marketing and advertising activities to promote the business and attract customers are included in running expenses. Other common running expenses include office supplies, internet, telephone, and any fees related to professional services such as legal or accounting advice.
In summary, running expenses are the ongoing costs necessary for a business to operate efficiently on a day-to-day basis. They encompass a wide range of expenditures, including rent, utilities, salaries, insurance, equipment maintenance, marketing, and other necessary business expenses.
The word "running" in "running expenses" comes from the verb "run", which originally meant "to flow" in Old English. Over time, its meaning expanded to include concepts related to motion and movement. In the context of "running expenses", the term refers to ongoing or continuous expenses that flow or continue to be incurred over a particular period.
The word "expenses" traces back to the Latin word "expendere", meaning "to weigh out" or "spend". The term evolved in English to refer to the cost or amount of money required for something. When combined with "running", it specifies the continuous spending or costs associated with operating and maintaining a business, organization, or other ventures.