1.Operating leverage enables a company to convert small changes in fixed costs into dramatic changes...
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Accounting
1.Operating leverage enables a company to convert small changes in fixed costs into dramatic changes in profitability. True False
2. If a company decreases its fixed costs and increases its variable costs, it will lower both the level of risk and its potential for profits. True False
3 If revenues are expected to decline, management should attempt to convert its fixed costs into variable costs. True False
Can you give an explanation, please ?
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