Management Expenses are the costs incurred by a business in the process of managing and maintaining their operations. This includes all administrative, marketing, legal, and other expenses related to running the day-to-day business. Management Expenses are typically broken down into two types – fixed and variable. Fixed expenses are those that have a set cost and remain constant as the business grows and changes, while variable expenses are costs that increase or decrease depending on the number of employees or resources needed at any given time. Both types of expenses play an important role in keeping a business up and running, and should be regularly monitored to ensure optimal efficiency.