Fixed and Variable Expenses

Which of the following costs is; Rent?

• Fixed Cost

• Variable/ Flexible Cost

• Discretionary Cost

Which of the following costs is; car insurance

• Fixed Cost

• Variable/ Flexible Cost

• Discretionary Cost

Which of the following costs is; Groceries

• Fixed Cost

• Variable/ Flexible Cost

• Discretionary Cost

Fixed or variable expense: Groceries

• Fixed

• Variable

Car Payment is an example of what: a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Car insurance is a ____________ expense

• fixed

• variable

Expenses that do not change from month to month, such as auto insurance or rent.

• Variable Expenses

• Fixed Expenses

Rent is an example of what type of expense?

• Fixed Expense

• Variable Expense

• Occasional Expense

• Irregular Expense

Which of the following is a variable expense?

• Mortgage Payment

• Utility Bill

• Car Loan

• Gym Membership

What type of expense is a subscription service like Netflix?

• Fixed Expense

• Variable Expense

• Discretionary Expense

• Irregular Expense