1. False 2. not sure 3. False 4. False 5. I’m not sure
Answer:
Fixed expenses are those expenses that do not change when there is a change in production or sales level. Expenses like rent, insurance, payment on loans, management salaries, advertising are examples of fixed expenses.
Answer:
If you are trying to reduce the cost of college, following strategies can save you the most money;
- Try and buy second hand recycled books instead of the new ones. This can cause you a tremendous amount of money. Borrowing from a senior is also a good choice.
- Look for TA ships where the salary is deducted from the annual fee of college and it eventually reduces the cost of tuition. A part time job can serve the same purpose.
- Transport is a big chunk of college cost along with residency if it is far from where you live. Try to find a room in sharing or affordable hostels closer to the college.
