Financial payments that do not vary each month are referred to as:
A)fixed expenses.
B)variable expenses.
C)cash flow.
D)insolvency.
E)budget variance.

Question

Quizplus · Accepted Answer

Fixed expenses are payments that are the same amount each month, such as rent, loan payments, or insurance premiums. Variable expenses, on the other hand, are payments that can fluctuate each month, such as groceries or entertainment costs. Cash flow refers to the movement of money in and out of a business or personal account. Insolvency refers to a financial state in which an individual or business cannot meet their financial obligations. Budget variance refers to the difference between actual spending and planned spending in a budget.

Financial Payments That Do Not Vary Each Month Are Referred