Whichof the following regarding the relationship between business risk and financial risk is least accurate based on our discussions in class?

A. Business risk represents uncertainty caused by volatility in operations

B. Increasing operating leverage by increasing the ratio of fixed costs to variable costs will result in a greater degree of business risk

C. Financial risk represents volatility in earnings per share driven by financial leverage (usually in the form of debt)

D. Firms with high levels of business risk usually have greater financial leverage through increased debt