Define operating leverage and explain its importance to a company and how it relates to risk.
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Define operating leverage and explain its importance to a company and how it relates to risk.
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Operating leverage is a financial concept that describes the relationship between a companys fixed costs and its variable costs and how changes in revenue affect its operating income or profit In othe...View the full answer
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Related Book For 
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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