ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rent is a variable expense.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Fixed expenses, such as rent, stay the same from month to month. Variable expenses are ones that can change, such as gas or food.
Detailed explanation-2: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.
Detailed explanation-3: -Rent, rates and taxes is an example of direct expenses.
Detailed explanation-4: -Examples of fixed costs include rent, taxes, and insurance. Examples of variable costs include credit card fees, direct labor, and commission.
There is 1 question to complete.