Ben and his housemates signed a lease for an apartment for 12 months for $563 per month of which Ben agreed to pay $215 per month. Which of the following statements best gives the reasons that Ben’s rent payment is an essential (fixed) expense?
AIt cannot be eliminated in a later budget, in order to save money.
BLiving expenses have a higher priority than any other type of expense.
CThe spender controls the amount of the rent by choice of apartment.
DIt is by contract the same amount every month.
AIt cannot be eliminated in a later budget, in order to save money.
BLiving expenses have a higher priority than any other type of expense.
CThe spender controls the amount of the rent by choice of apartment.
DIt is by contract the same amount every month.
