1. Having a high degree of operating leverage is
2. Good, when the economy is good
3. Good, when the economy is bad
4. Always good
5. Always bad
7. The use of operating leverage
8. requires a teeter totter to be installed in the office,
9. requires the firm to have only variable costs,
10. increases the breakeven level,
11. eliminates all fixed costs,
12. none of the above.