Use a Calculator to Approximate to Three Decimal Places

question 10

Multiple Choice

Use a calculator to approximate to three decimal places.
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• A)0.3
• B)1434.780
• C)5.292
• D)2.300

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Definitions:

Operating Leverage

The degree to which a firm or project relies on fixed costs.

Capital Intensive

Describes industries or businesses that require large amounts of money and equipment to produce goods or services.

Variable Costs

Expenses that fluctuate in direct proportion to changes in productive output or other measures of volume.

Operating Leverage

Operating leverage refers to the extent to which a company can increase its operating income by increasing revenue, highlighting the proportion of fixed costs in a company's cost structure.