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Duplicate of Fixed and Variable Expenses Flashcards | StudBud
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Duplicate of Fixed and Variable Expenses
Duplicate of Fixed and Variable Expenses
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StudBud Administration
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A quiz to apply financial literacy Fourth Grade math
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
What kind of expense is buying groceries?
Variable expense
Fixed expense
2
Shay pays $900 rent, $65 for phone, & $130-$160 for electric bill. Which is a variable expense?
rent
electric bill
phone
none
3
What is a VARIABLE expense?
Occurs regularly and the amounts change each month.
Occurs regularly and the amounts do not change.
4
What kind of expense is gas for your car?
Fixed expense
Variable expense
5
What kind of expense is a gym membership?
Variable expense
Fixed expense
6
Ann sells items online and at a fair. Which answer does NOT represent a fixed expense?
The fee to rent a booth at the fair.
The monthly fee to maintain the website.
The shipping and handling costs for online customers.
The monthly salary she pays her daughter.
7
What kind of expense is a Netflix subscription?
Fixed expense
Variable expense
8
Which of the following is an example of a fixed expense?
John treats his daughter to an ice cream for $3.
Luke shares (donates) $50 to the animal shelter.
Alexa pays her neighbor $15 each week to walk her dogs.
Pablo spends $41.87 on a birthday present for his cousin.
9
Which answer best describes a variable monthly expense?
Car loan payment
Cell phone payment
Water bill
Rent
10
Which kind of expense is a haircut?
Variable expense
Fixed expense
11
What is a FIXED expense?
Occurs regularly and the amounts change.
Occurs regularly and and the amounts do not change.
