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
Solution
To identify which of the options is considered a fixed expense, let's analyze each one:
- Groceries: This is a variable expense as it can fluctuate based on spending habits, dietary needs, and family size.
- Rent: This is a fixed expense because it remains constant each month regardless of usage.
- Entertainment: Typically considered a variable expense, as it varies based on personal choices and available budget.
- Clothing: This is usually a variable expense since it can depend on individual preferences and circumstances.
Final Answer
Rent is considered a fixed expense.
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