A discretionary expense is an expense that satisfy the need but, it is not necessary. Thus, the correct option is C). an expense that satisfies a want but is not essential.
A discretionary expense refer to the expense or a cost that a business or household can survive without, if necessary. These expenses are often defined as nonessential spending.
Discretionary expenses are those expenses that one can do without and are beyond the needs of a person. These expenses are non-essential spending because these expenses will have little to no impact in a person’s life when these expenses are stopped.
Some of the discretionary cost are advertising, maintenance, training, R&D etc. For example- let's suppose, you have little cash available to you for use, the money you spend is an example of discretionary spending.
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