Fixed and Variable Expenses

Quiz
•
Mathematics
•
5th - 8th Grade
•
Medium
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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