A Firm Has Fixed Operating Costs of $175,000, Total Sales

question 69

Multiple Choice

A firm has fixed operating costs of $175,000, total sales revenue of $3,000,000 and total variable costs of $2,250,000. The firm's degree of operating leverage is ________.

• A) 0.77
• B) 1.30
• C) 0.81
• D) 4.29

Grasp the concepts of professional (malpractice) insurance coverage and homeowners’ policy coverage scope.

Recognize the legal validity of insurance contracts and the requirements for their formation and performance, including the offer, acceptance, and consideration aspects.

Understand the implications of misrepresentation and non-disclosure by the insured in the formation and continuation of an insurance policy.

Understand the basics of genetic inheritance patterns in humans and other organisms.

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Definitions:

Negative View

An attitude or perspective that emphasizes the bad or undesirable aspects of something.

Stereotypes

Commonly accepted yet inflexible and simplistic perceptions or notions about a specific kind of individual or object.

Negative

Characterized by the absence rather than the presence of distinguishing qualities, or expressing denial, refusal, or prohibition.

Salience

Being obvious or standing out.