Question

question 4 of 10
money spent on groceries is an example of a(n) ______.

a. budget
b. goal
c. expense
d. income

Explanation:

An expense is money spent to purchase goods or services. Groceries are essential goods, so the money used to buy them is classified as an expense. A budget is a spending plan, a goal is a financial target, and income is money received, none of which match the description of money spent on groceries.

Answer:

C. expense