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What best describes Ja pan's 1889 constitution?
Operating Income
Income generated from regular business operations, excluding non-operating activities like investment income.
Total Leverage
The combined effect of using both operating and financial leverage on a company's earnings per share.
Financial Leverage
Employing leveraged capital to enhance the expected returns on an investment.
Operating Leverage
The degree to which a company uses fixed operating costs, whereby a small change in sales significantly affects profitability.
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