What does operating leverage reveal about a company?
Operating leverage provides an indication of how sensitive a company's net operating income is to changes in sales volume. A company with a high level of operating leverage will see wider fluctuations in income as sales fluctuate than a company with a low level of operating leverage.
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Answer the following statements true (T) or false (F)
1.When a manufacturing firm uses some imported inputs in the production process, the appropriate measure of protection is the nominal tariff. 2.Assume that Japan is a large country and levies an "optimal tariff." In this case, the tariff's terms of trade effect more than offsets the consumption and production losses and the tariff results in an overall welfare gain for Japan 3.If Venezuela is a small country its terms of trade will improve when it levies a tariff on imports. 4.If Japan is a large country it cannot influence the terms of trade when it imposes a tariff on imports. 5.If a small country levies a tariff on imports, its overall national welfare necessarily falls.
A common mistake in early intraverbal training is to attempt to teach intraverbal relations ______, or intraverbals that are too complex and out f developmental sequence such as personal information.
Fill in the blank(s) with the appropriate word(s)
Because nonprofit corporations have a more restricted range of powers than business corporations, actions not authorized by the charters of nonprofit corporations are more likely to be found ultra vires
Indicate whether the statement is true or false
The mean of a standard normal probability distribution
a. is always equal to zero. b. can be any value as long as it is positive. c. can be any value. d. is always greater than zero.