Identify and classify the types of expenses associated with the operation of the selected organization.

The expenses associated with the operation of an organization vary depending on its size, industry, and products or services provided. Generally speaking, they can be classified into two main categories: operating expenses and non-operating expenses.

Operating expenses are costs associated with the day-to-day operations of the business such as salaries and wages, rent or lease payments for office space, utilities, insurance premiums, marketing and advertising fees, materials used in production/service delivery and other related costs. These costs are necessary for running a successful business as they contribute to generating revenues.

Non-operating expenses refer to those that do not generate revenue directly but are still critical in keeping the company running smoothly. Examples include interest expense from debt taken out by the business; legal fees incurred due to litigation issues; taxes paid to government agencies; research & development (R&D) spending aimed at product innovation; depreciation expense resulting from long-term asset purchases; bad debts written off due to customer default; etc. While these expenditures may not bring in income immediately, they often provide potential benefits to the company in terms of increased market share or cost savings down the line.

Ultimately understanding how much is being spent on each type of expense helps businesses make informed decisions about their investments so that resources can be allocated towards activities that will benefit them most in both short-term and long run scenarios.