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