Which of the Following Statements Is True

question 60

Multiple Choice

Which of the following statements is true?

• A)Building societies are depository institutions.
• B)Building societies usually operate on a cooperative basis.
• C)In case of building societies the depositors are also members of the society.
• D)All of the listed options are correct.

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Definitions:

Operating Leverage

A financial metric that measures the degree to which a firm or project can increase operating income by increasing revenue.

Net Operating Income

A company's revenue minus its operating expenses, excluding taxes and interest, indicating the profitability of its core business activities.

Sales Volume

The total number of units or products sold within a specific period.

Fixed Expense

Overheads that stay the same, no matter how much is produced or sold, encompassing charges such as property rent, staff paychecks, and insurance coverage costs.