Question
Question 24 Operating leverage is the change in EBIT caused by a change in quantity sold. The lower the proportion of fixed costs relative to
Question 24
Operating leverage is the change in EBIT caused by a change in quantity sold. The lower the proportion of fixed costs relative to variable costs, the greater the operating leverage.
True
False
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
