In business, what is referred to as the financial burden related to costs incurred by operations?

The term that describes the financial burden associated with costs incurred by operations is expenses. Expenses encompass all the costs a business must pay to maintain its operations and generate revenue, including salaries, rent, utilities, and raw materials. Recognizing expenses is crucial for understanding a company's financial performance, as they directly affect profitability. By monitoring expenses, businesses can make informed decisions about budgeting, pricing, and cost management to improve their overall financial health.

On the other hand, liabilities refer to the obligations a company owes to external parties, which can include long-term debts and short-term obligations. Debts are a subset of liabilities specifically related to borrowed funds, while revenue represents the income generated from sales and services. None of these three terms capture the ongoing operational costs in the same way that expenses do, making expenses the correct choice.