Fixed and Variable Expenses

Fixed and Variable Expenses

5th - 8th Grade

10 Qs

quiz-placeholder

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Fixed and Variable Expenses

Fixed and Variable Expenses

Assessment

Quiz

Mathematics

5th - 8th Grade

Medium

Created by

Rosa Martinez

Used 318+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Brown family orders pizza from Eat Around Pizza on special occasions. Sometimes they add a side of wings, and sometimes they don't.

Is the money the Brown family spends at Eat Around Pizza a fixed expense or a variable expense?

Fixed Expense

Variable Expense

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Liz just bought her first pet, a rabbit she named Snowball! She also bought a large cage for Snowball.


Is the money Liz spent on her pet rabbit a fixed expense or a variable expense?

Fixed Expense

Variable Expense

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Lillian spent $53 at the grocery store last week. When she went grocery shopping this week, Lillian only spent $39.


Is the money Lillian spends grocery shopping a fixed expense or a variable expense?

Fixed Expense

Variable Expense

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Jones family has cable television at their house so they can watch their favorite shows. They pay $85 a month for the cable television.


Is the money the Jones family spends on cable television a fixed expense or a variable expense?

Fixed Expense

Variable Expense

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Sterling family bought a new camper to tour some national parks. They took out a loan to buy the camper. Now, they pay the bank $350 each month for the loan.


Is the Sterling family's loan payment a fixed expense or a variable expense?

Fixed Expense

Variable Expense

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The owner of Olga's Cookies paid each of her workers a bonus to celebrate the company's success. This was the first time she had paid them bonuses.


Is the money the owner paid as bonuses a fixed expense or a variable expense?

Fixed Expense

Variable Expense

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Charlotte subscribes to a video game magazine. For $9 each month, she gets two editions of Video Game Review.


Is the money Charlotte spends on the video game magazine a fixed expense or a variable expense?

Fixed Expense

Variable Expense

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