Examlex
Which one of the following statements is incorrect?
Operating Leverage
A measure of the proportion of fixed costs in a company's cost structure, indicating how a change in sales volume will affect operating income.
Cedar Shingles
Thin, tapered pieces of cedar wood used as durable roofing materials.
Net Operating Income
Income from a company's everyday business operations, excluding expenses from interest and taxes.
Monthly Sales
The total revenue generated from the sale of goods or services within a single month.
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