Expenditure

Which of the following is an example of Fixed Expenditure?

• Mortgage

• Electricity

• Groceries

• Clothing

Which of the following is an example of Fixed Expenditure?

• TV Licence

• House Repairs

• Light and Heat

• Clothing

True or false: Current expenditure is once-off or long term spending

• True

• False

Which of the following is an example of current expenditure

• New car

• New washing machine

• New furniture

• None of the above

Which of the following is an example of capital expenditure

• New car

• Utility bills

• Petrol

• None of the above

Mary buys a pack of 5 bottles of water for €4. The water bottles are €1 each if sold individually. Mary brings a water bottle to school with her every day. Is this a false economy?

• Yes

• No

John has €10. He can either buy a cinema ticket or a new book. He choose to buy the cinema ticket. What is the opportunity cost?

• Cinema ticket

• Book

• €10

• None of the above