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Questions and Answers
Which of the following is an example of a fixed expense?
Which of the following is an example of a fixed expense?
- Restaurant bill
- Gasoline bill
- Electricity bill (correct)
- Grocery bill
Which of the following is an example of a variable expense?
Which of the following is an example of a variable expense?
- Car loan payment
- Phone bill (correct)
- Medical insurance premium
- Internet bill
Which of the following is a characteristic of fixed expenses?
Which of the following is a characteristic of fixed expenses?
- They are optional and can be eliminated
- They are one-time payments
- They vary from month to month
- They are essential for survival (correct)
Match the following expenses with their type (fixed or variable):
Match the following expenses with their type (fixed or variable):
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Match the following with their expense type (fixed or variable):
Match the following with their expense type (fixed or variable):
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Match the following with their type of expense (fixed or variable):
Match the following with their type of expense (fixed or variable):
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