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Which of the following is the best description of operating leverage? A firm with high operating leverage means a high proportion of its financing is

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Which of the following is the best description of operating leverage? A firm with high operating leverage means a high proportion of its financing is from debt, and its operations can be characterized by high profitability. A firm with high operating leverage means a high proportion of its financing is from debt, and its operations can be characterized by high volatility. A firm with high operating leverage means a high proportion of its expenses are fixed, and its operations can be characterized by high profitability. A firm with high operating leverage means a high proportion of its expenses are fixed, and its operations can be characterized by high volatility

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