Which of the Following Is Not a Variable Expense

question 182

Multiple Choice

Which of the following is not a variable expense?

• A)Food
• B)Rent or mortgage payments
• C)Clothing
• D)Medical expenses
• E)Vacations

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Definitions:

Trade Off

denotes a situation in which the benefits of one choice are gained at the expense of the benefits of another choice.

Policy Options

Various strategies or plans of action that policymakers can consider and possibly implement to address specific issues or challenges.

Comparative Advantages

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient economic outcomes.

Grammar

The set of rules and principles that govern the structure of sentences in a language.