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What is non-discretionary spending?
Amounts of money which basically have "already been spent" i.e. already encumbered by contracts or promises to pay.
Flexible expenses and discretionary spending are similar in that they both deal with?
Flexible expenses and discretionary spending both involve costs that can be adjusted based on individual choices and circumstances. Flexible expenses, such as groceries and utilities, can vary in amount but are essential for daily living, while discretionary spending includes non-essential items like entertainment and dining out. Both categories allow individuals to manage their budgets by prioritizing or reducing spending according to their financial situation and goals. Ultimately, they reflect a person's ability to control and adapt their spending habits.
In a personal budget how are flexible expenses and discretionary spending similar?
Flexible expenses and discretionary spending are similar in that both can be adjusted based on individual financial situations and priorities. Flexible expenses, such as groceries and utility bills, can vary month to month, while discretionary spending includes non-essential purchases like entertainment and dining out. Both categories allow for personal choice and can be modified to accommodate changing financial needs or goals. Essentially, they both contribute to the overall management of a budget by providing areas where spending can be controlled.
Distinguish between discretionary and non-discretionary fiscal policy?
Non-discretionary policies are ones that automatically happen. A progressive income tax and the welfare system both act to increase aggregate demand in recessions and to decrease aggregate demand in overheated expansions. Discretionary policies are those that the government chooses to do in response to conditions -- e.g. enact a tax rate cut.
What is the difference between a proposition and a non proposition?
difference between a proposition and non proposition
Discretionary project vs non-discretionary project?
Projects where management has a choice in implementing them are called discretionary projects. Projects where no choice exists are called nondiscretionary projects.
What is the opposite of vital?
non-essential,discretionary,optional
What does non discretionary mean?
Required, obligatory, compulsory.
What are non discretionary expenses?
transportation costs entertainment
What is the difference between agriculture and non-agriculture?
Agriculture is farming and non-agriculture is non farming.
Difference between typing and non typing keys?
Difference between typing and non typing keys
What are 2 non-discretionary expenses?
transportation costs entertainment
