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A fixed expense or cost is a type of expense that stays the same and doesn't change, even when the number of people using a building or service goes up or down.
Imagine you own an apartment building. Whether your building is full of tenants or half-empty, you still have to pay a certain amount for property taxes and insurance. These are fixed expenses because they don't change based on how many people are living in your building.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
A fixed expense, you see, is one that's steady as can be,
No matter how many folks come or go, the cost remains the same, you know.
An apartment building, tall and grand, has costs that must be planned,
Taxes and insurance, they stay put, no matter if each room's got a foot.
So when you count the costs, my friend, remember fixed ones don't bend,
They're constant, stable, firm, and true, whether occupancy's high or few.