Fixed and Variable Expenses

Quiz
•
Social Studies
•
12th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What kind of expense is this?
STARBUCKS COFFEE
Fixed Expense
Variable Expense
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Costs of items like groceries and gas are considered:
Fixed
Discretionary
Variable
Irregular
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
expense remains the same from month to month.
Discretionary
Fixed
Regular
Irregular
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
this type of expense stays the same each month
fixed income
variable expense
discretionary expense
fixed expense
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
expenses that change in cost and occurrence
Variable expenses
Irregular expenses
One-time expenses
Fixed expenses
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In which category should you have to make the most cuts in the budget?
Savings
Variable/Flexible Expenses
Fixed Expenses
Emergency Fund
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In order to control his budget, Josh should cut spending in which of the following categories?
Food/Entertainment
Rent/Mortgage
Savings/Emergency Fund
Car/Insurance
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