Question

How do flexible expenses differ from fixed expenses?

A. Flexible expenses pay for luxuries.
B. Flexible expenses vary over time.
C. Flexible expenses occur only in emergencies.

Answer 1

Flexible expenses vary over time, while fixed expenses remain the same regardless of the level of production.

Step-by-step explanation:

Flexible expenses differ from fixed expenses in that they vary over time. Fixed expenses, on the other hand, remain the same regardless of the level of production. An example of a fixed expense is the rent on a factory or retail space, which remains constant even if the production level changes.