What is an expense?

Fixed and Variable Expenses

Interactive Video
•
Mathematics
•
4th Grade
•
Hard
Nyame Dorsey
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you spend.
The amount of money you receive.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fixed expense:
Stays the same each week
Is different each week
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a fixed expense?
subscription, gifts, groceries
rent, insurance, car payment
rent, gas, clothing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cell phone bills can be either fixed or variable, but why?
Diego has a cell phone plan that charges $125 per month for unlimited calls, texts, and data. Valarie has a cell phone plan that charges $50 for unlimited calls, but texts and data are extra based on usage. Which statement is true?
Valarie’s cell phone bill is a variable expense because the amount is the same every month.
Valarie’s cell phone bill is a fixed expense because the amount usually changes every month.
Diego’s cell phone bill is a fixed expense because the amount is the same every month.
Deigo’s cell phone bill is a variable expense because the amount usually changes every month.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expenses that change each week are called:
Variable expenses
Variable income
Fixed expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which has all three of the same type of expense?
Groceries, Rent, Insurance
Gas, Clothing, Entertainment
Car Payment, Rent, Entertainment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a fixed expense?
Car payment
Groceries
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a variable expense?
Insurance
Money spent on clothes
House payment
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