UK Clinical Aptitude Test (UKCAT) Practice Test

What do expenses refer to in a work context?

1. Money received from the employer

2. Funds that the employee spends for work-related purposes

3. Incomes earned through extra work

4. Investment costs for business development

The correct answer is: Funds that the employee spends for work-related purposes

In a work context, expenses refer specifically to the funds that an employee spends for work-related purposes. This can include costs like travel, meal expenses while on duty, and supplies purchased for the job. These expenses are often reimbursed by the employer, as they are incurred directly in the course of performing job responsibilities. Understanding the nature of expenses is essential in distinguishing them from income or reimbursement; they represent outflows of cash rather than inflows and are directly associated with job duties. The other choices represent different financial concepts. Money received from the employer pertains to income rather than expenses. Incomes earned through extra work refer to additional earnings outside regular job duties, and investment costs for business development denote capital expenditures aimed at growing a business rather than the operational costs incurred by employees. Thus, the correct definition of expenses in the workplace is clearly represented by the notion of funds spent for work-related purposes.