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Which of the following statements is not true? A. Operating leverage refers to the extent to which a company's net income reacts to a given
Which of the following statements is not true? A. Operating leverage refers to the extent to which a company's net income reacts to a given change in sales. B. Companies that have higher fixed costs relative to variable costs have higher operating leverage. C. When a company's sales revenue is increasing, high operating leverage is good because it means that profits will increase rapidly D. When a company's sales revenue is decreasing, high operating leverage is good it means that profits will decrease at a slower pace than revenues decrease
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