As you will recall, Teletech comprises two quite different divisions Telecom Services (TS), a regulated utility, and Products & Services (PS), computer equipment.

Based on an assessment of comparable companies in each of their respective industries, if each division were considered on a standalone basis, which division would you expect to use more (or less) financial leverage relative to the firms overall average?

Group of answer choices

TS more; PS more

TS more; PS less

TS & PS would be the same

TS less; PS less

TS less; PS more