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Which of the following bill(s) have a value known in advance for a given year (as soon as the contract is agreed)?A.medical billsB.house insuranceC.petrol billsD.car registrationE.water bill

Question

Which of the following bill(s) have a value known in advance for a given year (as soon as the contract is agreed)?A.medical billsB.house insuranceC.petrol billsD.car registrationE.water bill

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Solution

The bills that have a value known in advance for a given year (as soon as the contract is agreed) are B. house insurance and D. car registration. These are typically fixed costs that are determined at the start of the policy or registration period. Medical bills, petrol bills, and water bills can vary based on usage and other factors, so their total cost for the year is not known in advance.

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