Basic Details
Word: Day Cost
Part of Speech: Noun
Meaning: The total expense or cost incurred for one day, often used in budgeting, business planning, or travel calculations.
Synonyms: Daily expense, daily rate, per-day charge
Antonyms: Total cost, lump sum, fixed cost
Idioms and Phrases
- Cut down on day-to-day costs: To reduce daily expenses.
Example: "The company is trying to cut down on day-to-day costs to improve profits."
- Cost of living per day: The amount of money needed daily to maintain a certain lifestyle.
Example: "In big cities, the cost of living per day can be quite high."
Usage Examples
Example 1: The day cost of renting a car includes insurance and fuel charges.
Example 2: While traveling abroad, they carefully calculated their day cost to stay within budget.
Example 3: The manager reviewed the day cost of running the factory to identify savings.
Fun Fact
The concept of "day cost" became popular in project management and travel industries to simplify budgeting by calculating expenses per day rather than in total.
Famous Quote
"Beware of little expenses; a small leak will sink a great ship." - Benjamin Franklin
Multiple Choice Questions (MCQs)
1. What does "day cost" mean?
a) The total cost for a week
b) The expense incurred in one day
c) A monthly expense
d) A fixed payment
Answer: b) The expense incurred in one day
2. Which of these is a synonym of "day cost"?
a) Lump sum
b) Daily rate
c) Monthly budget
d) Total cost
Answer: b) Daily rate
3. Which is an antonym of "day cost"?
a) Total cost
b) Daily expense
c) Daily charge
d) Per-day cost
Answer: a) Total cost
4. Which sentence uses "day cost" correctly?
a) The day cost of the hotel includes breakfast.
b) The day cost will last a month.
c) We need to day cost the entire plan.
d) Day cost is running away fast.
Answer: a) The day cost of the hotel includes breakfast.
5. Why do people calculate "day cost"?
a) To understand daily expenses for budgeting
b) To calculate annual profits
c) To find the cheapest product
d) To replace total costs with no reason
Answer: a) To understand daily expenses for budgeting
