Busines-Expediture Flashcards
1
Q
Ependiture
A
Spending money their income
2
Q
Fixed ependiture
A
The same amount of money is spent on a regular basis
ex Rent
Mortgage
3
Q
Irregular expenditure
A
Occur on a les regular basis or the amount involved may vary with usuage
ex groceries clothing
4
Q
Discretionary expenditure
A
Is spending non-essetial items that we choose to buy
ex
Holidays gifts
5
Q
Current expenditure
A
is repeated day to day spending
ex
Education trave;
6
Q
Capital Expenditure
A
is once off or long term spending
ex
a n ew car furniture
7
Q
False economy
A
Purchase that appeae to be good value for money but in the longer term out to bee more expensive
