FOOD PROCESSING AND PRESERVATION
REFRIGERATION AND FREEZING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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fixed expenses
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flexible expenses
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income
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spending money
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Detailed explanation-1: -Variable expenses are the money you spend on food, clothing, and entertainment. The challenge to budgeting these expenses is that they are rarely exactly the same every month and they do not typically occur on the same day of each month.
Detailed explanation-2: -Recreation & Entertainment (5-10 percent) This budget category can include things like: concert tickets. sporting events. family activities & vacations.
Detailed explanation-3: -If you regularly buy lottery tickets, play games on your phone, or purchase music, movies or TV shows, account for those in your entertainment budget. These small expenses won’t make or break your finances.
Detailed explanation-4: -What Is a Flexible Expense? A flexible expense is a discretionary purchase that can be altered or eliminated without a significant downside. These are non-essential expenses that stand in contrast to fixed expenses. Flexible expenses should be included in a budget to manage an individual’s overall finances.