49.) Which of the following statements about operating leverage is least accurate?

a. A firm with high operating leverage will typically have high fixed costs.

b. A firm with low operating leverage will typically have high fixed costs.

c. Operating leverage measures the impact of fixed production costs on the firm's operating income.

d. The degree of operating leverage is equal to the percentage change in EBIT/percentage change in sales.

50.) What is the term used to describe the increase in EPS variability from the use of debt?

a. Combined leverage.

b. Business risk.

c. Financial risk.

d. Operating leverage.