Question

which description is most accurate for a zero - based budget? * 1 point
you put every dollar of your net pay into a budget category each month
you spend your checking account balance down to $0 every month
you spend your saving account balance down to $0 every month
you pay every one of your debts down to $0 every month
which one of these expenses most likely represents a variable cost in * 1 point
someones budget?
electricity bill
rent
car payment
student loan payment
youre considering moving into a 3 bedroom apartment with 2 roommates, * 1 point
rather than living on your own after graduation. which of your expenses
would likely decrease by having roommates?
groceries

Explanation:

• Zero - Based Budget: A zero - based budget requires that every dollar of net pay is allocated to a budget category. It's about intentional allocation of income, not about spending accounts (checking or savings) or debts to zero.
• Variable Cost: A variable cost changes with usage. Electricity bill depends on electricity consumption (which can vary), while rent, car payment, and student loan payment are usually fixed amounts.
• Expenses with Roommates: Rent is often a major expense. When sharing an apartment with roommates, the rent per person (assuming equal split) will decrease. Groceries may or may not decrease as it depends on individual consumption and shared vs. individual grocery - buying habits.

Answer:

• For the Zero - Based Budget question: You put every dollar of your net pay into a budget category each month.
• For the Variable Cost question: Electricity Bill.
• For the Expenses with Roommates question (assuming the full option list has rent as an option): Rent.