The Most Important Element in the Quality of Substitute Child

question 95

Multiple Choice

The most important element in the quality of substitute child care is that of the

• A) caregiver.
• B) facilities.
• C) program.
• D) finances.

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Definitions:

Dollars

The unit of currency used in the United States and other countries, represented by the symbol $.

Degree of Operating Leverage

The Degree of Operating Leverage is a measure that assesses the sensitivity of a company's operating income to changes in its sales volume, indicating the percentage change in operating income for a percentage change in sales.

Net Operating Income

A measure of a company's profitability from its regular business operations, deducting operating expenses from gross income.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in its sales revenue, indicating the proportion of fixed to variable costs.