Which Product Below Is Likely Purchased Using Discretionary Income

question 178

Multiple Choice

Which product below is likely purchased using discretionary income?

• A)a new watch
• B)condo fees
• C)grocery bill for milk
• D)a new suit for work

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Definitions:

Controlling Costs

The process of planning, monitoring, and managing expenses to ensure they don't exceed budgeted amounts.

Budgeted Costs

Estimated expenses planned for a specific period, used for financial planning and monitoring.

Investment Center Managers

Managers responsible for a business unit that directly impacts both revenue and costs, and therefore, the unit's profitability.

Investment Center Assets

Resources and assets managed within a business segment or division that is responsible for its own revenues, expenses, and investments, allowing for performance measurement.