Answered

1. Which budget items are examples of a fixed expense? (Select all that apply.)

- Rent
- Doctor's Visit
- Groceries
- Clothing
- Car Payments



Answer :

GinnyAnswer

Final answer:

Fixed expenses like rent and car payments remain constant, unlike variable expenses that can change.


Explanation:

Fixed expenses are monthly costs that do not change, irrespective of usage or production levels. Examples of fixed expenses include:

  • Rent
  • Car Payments

On the other hand, groceries, doctor's visits, and clothing are variable expenses that can fluctuate based on needs and choices.


Learn more about Fixed vs. Variable Expenses here:

https://brainly.com/question/32722883


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