BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is a synonym for “Variable Expense”?
A
Living Expense
B
Fixed Expense
C
Annual Expense
Explanation: 

Detailed explanation-1: -Variable cost is sometimes referred to as “unit-level cost” because it varies per unit of output-that is, according to the number of units produced.

Detailed explanation-2: -Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).

Detailed explanation-3: -Variable Expenses Definition. Variable expenses are the opposite of fixed expenses. A variable expense may recur from month to month. But the amount you pay in any given month could be different from previous payments or ones you’ll make in the future.

There is 1 question to complete.