Which term is commonly used for the ongoing expenses incurred to maintain everyday operations?

The term that is most commonly associated with ongoing expenses incurred to maintain everyday operations is operating costs. Operating costs refer to the expenses that a business must pay to keep its day-to-day operations running smoothly. This includes costs such as rent, utilities, salaries, and raw materials.

Revenue expenditures, while related to the expenses incurred in the process of generating revenue, is not as precise a term for the continuous nature of operating costs because it can also encompass costs for acquiring and maintaining physical assets, meaning it might not solely refer to the regular operational expenses.

In contrast, capital expenses refer to one-time purchases of physical assets that are expected to be used over a longer period, which does not align with the concept of ongoing expenses. Fixed costs are those expenses that do not vary with the level of goods or services produced by the business, like rent and salaries, but the term operating costs encapsulates all costs directly associated with regular operation, making it the most accurate choice when considering expenses incurred continuously in the everyday functioning of a business.