Fixed and Variable Expenses

Fixed and Variable Expenses

Assessment

Flashcard

Mathematics

4th Grade

Hard

Created by

Quizizz Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a fixed expense?

Back

A fixed expense is a cost that does not change from month to month, such as rent or mortgage payments.

2.

FLASHCARD QUESTION

Front

What is a variable expense?

Back

A variable expense is a cost that can change from month to month, such as groceries or entertainment.

3.

FLASHCARD QUESTION

Front

Give an example of a fixed expense.

Back

An example of a fixed expense is a mortgage payment.

4.

FLASHCARD QUESTION

Front

Give an example of a variable expense.

Back

An example of a variable expense is groceries.

5.

FLASHCARD QUESTION

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain the same each month, while variable expenses can fluctuate.

6.

FLASHCARD QUESTION

Front

Why is it important to understand fixed and variable expenses?

Back

Understanding fixed and variable expenses helps in budgeting and managing money effectively.

7.

FLASHCARD QUESTION

Front

What type of expense is a monthly subscription service?

Back

A monthly subscription service is typically a fixed expense.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?

Discover more resources for Mathematics