Which of the following statements is not true?
a.Companies that have higher fixed costs relative to variable costs have higher operating leverage.
b. When a company's sales revenue is increasing, high operating leverage is good because it means that profits will increase rapidly.
c. When a company's sales revenue is decreasing, high operating leverage is good because it means that profits will decrease at a slower pace than revenues decrease.
d. Operating leverage refers to the extent to which a company's net income reacts to a given change in sales.