Chevre Imported Cheese Inc

question 33

Multiple Choice

Chevre Imported Cheese Inc.forecasts that if sales revenue for next year is $1,250,000,net operating income will be $100,000 and if sales revenue is $1,000,000,net operating income will be $80,000.Chevre's degree of operating leverage is

• A)2.
• B)10.
• C).5.
• D)1.

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Definitions:

Precautions

Measures taken in advance to prevent potential dangers or problems.

Economic Espionage Act

A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is often not disclosed to the public.

Misappropriations

involves the wrongful, illegal, or unauthorized use of funds or assets for purposes other than those intended by the owner or rightful possessor.