The World's Largest Exporter Is

question 70

Multiple Choice

The world's largest exporter is

• A)The United States.
• B)Japan.
• C)Germany.
• D)the United Kingdom.
• E)China.

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Definitions:

Degree of Operating Leverage

A measure that quantifies how much sales revenue can affect operating income due to the presence of fixed costs in a company's cost structure.

Pretax Profit

The profit earned by a company before any tax is deducted, showing the company's earnings directly from its operations.

Break-Even Point

The financial state where total costs equal total revenues, resulting in no net loss or gain for the business.

Variable Costs

Spendings that move in tandem with the level of output or number of sales.