10) BREAKEVEN POINT Which of the following statements regarding a company's breakeven point is FALSE? a) The breakeven point (BEP) is the level of sales or production that a firm must achieve in order to fully cover all costs. b) A company at the breakeven point generates $0 earnings before interest and taxes (EBIT) c) A firm achieving its breakeven point is not generating a profit or a loss. d) Companies with higher fixed costs generally have breakeven points at a lower sales volume than companies with lower fixed costs