ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Car repairs are a ____
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discretionary expense
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variable expense
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fixed expense
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intermittent expense
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Explanation:
Detailed explanation-1: -Intermittent expenses: These are costs that do not occur regularly and can include a surprise or emergency expense. Your car registration, a health care copay or a home repair would be examples of intermittent expenses. Discretionary spending: These are expenses that are not essential or necessary.
Detailed explanation-2: -Some common examples of fixed expenses include: Rent or mortgage payments. Insurance premiums. Health or car insurance.
Detailed explanation-3: -Discretionary expenses are often defined as nonessential spending.
Detailed explanation-4: -Cost of Goods Sold. Operating Expenses. Financial Expenses. Extraordinary Expenses. Non-Operating Expenses.
There is 1 question to complete.