1. In your words, describe operating leverage and how it might be useful to you. 2 How would you describe the operating leverage of your current or previous employer? If you do not have work experience to draw upon, then answer this question in terms of a particular industry, e.g., banking, manufacturing, health-care, education, government, etc. 3. If you were to go into your own business, what mix of fixed and variable costs do you think you would prefer? Why