An expenditure over which you have no control,are obligated to make,and is generally at a constant level each month is called a ________ expenditure.
A)fixed
B)flexible
C)stationary
D)discretionary
E)none of the above

Question

Quizplus · Accepted Answer

A fixed expenditure is a recurring expense that you have no control over and must pay, such as rent, mortgage, or car payments. The amount of these expenses remains constant each month, so it is easier to budget for and plan around them. Flexible expenses, on the other hand, are those that vary from month to month, such as entertainment, dining out, or clothing. Stationary and discretionary expenditures are not commonly used terms in personal finance.

An Expenditure Over Which You Have No Control,are Obligated to Make,and