All of the Following Contributed to the German Defeat in World

question 3

Multiple Choice

All of the following contributed to the German defeat in World War I except

• A) the seductive Wilsonian propaganda promises.
• B) the prospect of endless American troop reserves.
• C) the Americans' military victories on the battlefield.
• D) the hammering blows of the Allied armies.
• E) critical food shortages caused by the British blockade.

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Definitions:

Fixed Costs

Expenses that do not change with changes in the volume of production or sales, such as rent, salaries, and insurance.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the percentage of fixed costs in a company's cost structure.

Financial Break-Even

The point at which total revenues and total expenses are equal, leading to a net income of zero.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in revenue, indicating the degree to which a firm can increase operating income by increasing sales.