Which of the following is considered a fixed expense?*1 pointGroceriesRentEntertainmentClothing
Question
Which of the following is considered a fixed expense?*1 pointGroceriesRentEntertainmentClothing
Solution
The answer is Rent. This is considered a fixed expense because it is an expense that does not change from month to month, regardless of how much you use or consume. Groceries, entertainment, and clothing can vary in cost from month to month, making them variable expenses, not fixed.
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