Understanding Fixed and Variable Expenses

Understanding Fixed and Variable Expenses

9th - 12th Grade

16 Qs

quiz-placeholder

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Understanding Fixed and Variable Expenses

Understanding Fixed and Variable Expenses

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

CCSS
HSF-LE.A.1B, 3.OA.D.9

Standards-aligned

Created by

Mae Hiatt

Used 1+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Everyday expenses that a business has in it's daily operations are known as

Operating expenses

Exacting expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of operating expense that DOES NOT change regardless of the rate of production or the volume of sales is _______

Fixed expense

Variable expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An expense that DOES CHANGE (or varies) based on how many items a business produces or sales they make is known as a _______

Fixed expense

Variable expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Advertising (the amount of money you spend to promote your business, you will spend MORE if you are selling MORE products)

Fixed expense

Variable expense

Tags

CCSS.3.OA.D.9

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maintenance (fixing equipment or lights in your building)

Fixed expense

Variable expense

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Utilities (your everyday water bill - not related to anything you are making to sell)

Fixed expense

Variable expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Travel expenses (money you spend traveling to customers because you are selling more and more products)

Fixed expense

Variable expense

Tags

CCSS.HSF-LE.A.1B

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