Question

question 10 of 10
what is an example of a fixed expense?
a. paying a cell phone bill
b. replacing a flat tire
c. buying a new holiday sweater
d. eating at a nice restaurant

Explanation:

A fixed expense is a regular, predictable cost. A cell - phone bill is usually a monthly payment of a set amount (e.g., a monthly plan). Replacing a flat tire (B) is an unexpected, one - time cost. Buying a new holiday sweater (C) is a discretionary, non - regular expense. Eating at a nice restaurant (D) is also a non - regular, discretionary cost.

Answer:

A. Paying a cell phone bill