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Which of the following statements is true with respect to the degree of operating leverage (DOL)? Multiple Choice It provides a simple way to estimate

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Which of the following statements is true with respect to the degree of operating leverage (DOL)? Multiple Choice It provides a simple way to estimate the change in total fixed cost for a given change in sales volume. It is calculated as the amount of operating income * (1 t), where t= the income tax rate. It is calculated as the ratio of contribution margin (CM) to operating income, at each level of output

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