Emma runs a salon but does not make much profit from her business. She likes to go on holidays frequently and spends most of her income on vacations. Emma knows that she needs to cut down on her expenses or it would be difficult to bear the daily expenses in the future. In the context of Emma's budget, her expenditures on vacations can be referred to as _____.
A) obligatory payments
B) statutory payments
C) discretionary payments
D) compulsory payments

Question

Quizplus · Accepted Answer

Discretionary payments are non-essential expenses that can be adjusted or eliminated, such as vacations, which Emma can choose to reduce to manage her budget better.

Emma Runs a Salon but Does Not Make Much Profit