question 10 of 10\nwhat is an example of a fixed expense?\na. paying a cell phone bill\nb. replacing a flat…
question 10 of 10\nwhat is an example of a fixed expense?\na. paying a cell phone bill\nb. replacing a flat tire\nc. buying a new holiday sweater\nd. eating at a nice restaurant
Answer
Brief Explanations:
A fixed expense is a regular, predictable cost. A cell - phone bill is usually a monthly payment of a set amount (e.g., a monthly plan). Replacing a flat tire (B) is an unexpected, one - time cost. Buying a new holiday sweater (C) is a discretionary, non - regular expense. Eating at a nice restaurant (D) is also a non - regular, discretionary cost.
Answer:
A. Paying a cell phone bill