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58. A company operating near the breakeven point will have a ________. a. high level of financial leverage b. low level of financial leverage c.
58. A company operating near the breakeven point will have a ________.
a. high level of financial leverage
b. low level of financial leverage
c. low level of operating leverage
d. high level of operating leverage
59. Which of the following would be an irrelevant cost?
- Costs that are avoidable.
- Future costs that differ among alternatives.
- Benefits foregone by choosing one alternative over another.
- Costs that have already been incurre
60. Which of the following should not be taken into account in decision-making?
- Ethical considerations
- Irrelevant costs
- Risk
- Opportunity costs
61. Which of the following statements is true regarding ethics in decision-making?
- Since most business decisions are simply a matter of economics, ethical considerations should be ignored.
- Managerial accountants do not face ethical issues.
- Business managers will always agree on ethical choices.
- Decision-making can have an ethical as well as an economic impact.
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