ben and his housemates signed a lease for an apartment for 12 months for $563 per month of which ben agreed…

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 bens rent payment is an essential (fixed) expense?\na. it cannot be eliminated in a later budget, in order to save money.\nb. living expenses have a higher priority than any other type of expense.\nc. the spender controls the amount of the rent by choice of apartment.\nd. he agreed to pay the same amount every month.

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 bens rent payment is an essential (fixed) expense?\na. it cannot be eliminated in a later budget, in order to save money.\nb. living expenses have a higher priority than any other type of expense.\nc. the spender controls the amount of the rent by choice of apartment.\nd. he agreed to pay the same amount every month.

Answer

Answer:

D. He agreed to pay the same amount every month.

Brief Explanations:

An essential (fixed) expense is one that remains constant over time. Ben's rent payment is fixed because he agreed to pay the same amount ($215) each month for the 12 - month lease. Option a is incorrect as fixed expenses can sometimes be eliminated (e.g., moving out). Option b is too general and not specific to why Ben's rent is fixed. Option c is about control over choosing the apartment (which might affect the total rent amount for the group but not the fact that Ben's share is fixed). Only option d directly addresses the fixed - amount characteristic of an essential fixed expense.