Which of the following is an example of an inflexible expense?
A)Mortgage payments
B)Entertainment
C)Home maintenance
D)Newspapers and magazines

Question

Quizplus · Accepted Answer

Inflexible expenses are essential costs that must be paid regularly and cannot be easily adjusted or eliminated. Mortgage payments fall under this category as they have a fixed monthly amount that needs to be paid to maintain ownership of the property. Entertainment, home maintenance, and newspapers and magazines are all discretionary expenses that can be reduced or eliminated if necessary.

Which of the Following Is an Example of an Inflexible