Question: What is the difference between fixed and variable expenses of a conference? Fixed expenses change based on the number of attendees, while variable expenses remain

What is the difference between fixed and variable expenses of a conference?
Fixed expenses change based on the number of attendees, while variable expenses remain the same regardless of attendees.
Fixed expenses remain the same regardless of attendees, while variable expenses change based on the number of attendees.
There is no difference between fixed and variable expenses.
What is the difference between fixed and variable expenses of a

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