Question: A . ) What does Leverage mean, overall meaning of Leverage. B . ) What is meant by , and what is the formula for

A.) What does Leverage mean, overall meaning of Leverage.
B.) What is meant by, and what is the formula for OPERATING Leverage.
C.) Do we want a high or low degree of Operating Leverage, & maybe put another way what are the pros and cons of Operating Leverage.

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