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Which of the following is considered a fixed expense?*1 pointGroceriesRentEntertainmentClothing

Question

Which of the following is considered a fixed expense?

1 point

  • Groceries
  • Rent
  • Entertainment
  • Clothing
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Solution

To identify which of the options is considered a fixed expense, let's analyze each one:

  1. Groceries: This is a variable expense as it can fluctuate based on spending habits, dietary needs, and family size.
  2. Rent: This is a fixed expense because it remains constant each month regardless of usage.
  3. Entertainment: Typically considered a variable expense, as it varies based on personal choices and available budget.
  4. Clothing: This is usually a variable expense since it can depend on individual preferences and circumstances.

Final Answer

Rent is considered a fixed expense.

This problem has been solved

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