Flexible expense is studied in financial management and is defined as the expense of an individual or a company that can be adjusted or completely negated for the sole reason of being too pricey. Goods like luxury items of any sort come under this category. Personal flexible expenses might include luxury goods and services like an expensive vacation, whereas business flexible expenses might include taking out potential clients for lavish dinners. Buying such goods and services is not at all a necessity and causes a rupture in the estimated budget.
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Flexible expenses are costs that may be saved, manipulated or eliminated by not engaging in that certain activity anymore. In personal finance, flexible expense can be easily diverted, reduced or eliminated. But the scene is not as easy when it comes to a specific company or organization. Thus students studying finance are taught to cues of flexible expenses and the ways to curb them. Necessary expenses can be considered flexible in some cases, for example, one might chose to cut the expenses on grocery, while the other might move over to a much cheaper place.
Students are expected to be very keen observers and address complex issues with ease. The subject demands a lot of hard work, both indoors and outdoors. This leaves the student very tired and annoyed. The pain is multiplied when he/she is forced to write long assignments within a specified deadline. These assignments require long hours of study and research and then finally pen down which has been read in a professional language. Furthermore, grabbling down all case studies available that could help the students to understand the subject well and finally to present their assignments in the format with required referencing is a time consuming task. Presenting the references in a particular format like APA, Harvard, MLA, etc. seems tedious, though it is a mere task to be done.
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