What is an expense in general terms?

Fixed vs Variable Expenses Explained

Interactive Video
•
Mathematics
•
1st - 5th Grade
•
Hard

Lucas Foster
Used 3+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money invested in stocks
The amount of money spent on purchases
The amount of money earned from a job
The amount of money saved each month
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a fixed expense?
Monthly grocery bill
Car payment
Clothing purchases
Electricity bill
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a fixed expense imply?
The cost is predetermined and does not change
The cost fluctuates based on usage
The cost is split between multiple people
The cost is decided by the government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is true about fixed expenses?
They are unpredictable and sporadic
They can vary depending on the month
They remain constant regardless of usage
They only occur once a year
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is a fixed expense?
Gasoline for cars
Monthly rent
Car repair costs
Birthday party expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What characterizes a variable expense?
It changes from month to month
It remains the same each month
It is only paid once a year
It is not related to money
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which example fits a variable expense?
Car insurance
Rent payments
Netflix subscription
Utility bills
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