The budget is usually divided into two classes of expenses, __________.
A) fixed and variable
B) common and general
C) long-term and short-term
D) mandatory and compulsory

Question

Quizplus · Accepted Answer

Fixed expenses are those that remain constant each month, such as rent or car payments, while variable expenses are those that can vary month to month, such as groceries or entertainment. Therefore, option A best describes the two classes of expenses typically found in a budget. Option B does not accurately describe different types of expenses, and options C and D are not commonly used to categorize expenses in a budget.

The Budget Is Usually Divided into Two Classes of Expenses