Define variable expenses in your budget and give one examples.
What will be an ideal response?
Variable expenses are the expenses each month that the amount due changes. Example: electricity may be high one month, and low the next, but it's still due each month.
You might also like to view...
The cost of a previously purchased machine is an example of a sunk cost
Indicate whether the statement is true or false
Donna, a chef in a fine restaurant, utilizes top-of-the-line equipment as she prepares meals for customers. Donna and her equipment are a(n) ______ in the restaurant's system.
A. cog B. piece C. output-participant D. output E. input
Answer the following statements true (T) or false (F)
1. All groups go through sequential stages in problem solving. 2. Effective problem-solving teams tend to have high conformity. 3. Uncertainty affects problem identification. 4. Problem-solving teams are often permanent. 5. To arrive at effective solutions, teams should dissuade dissenting opinions.
A dynamic capability is the
A. improvement evaluation process for eliminating waste in the firm. B. ongoing capacity to modify existing resources and capabilities to create new ones. C. improvement evaluation process for repurposing waste in the firm. D. functional and operating resources management process. E. ongoing capability to understand and establish a commitment to resource alignment.