A major disadvantage of the baseline risk assessment approach is the significant cost in time, resources, and expertise needed to perform the analysis

Emergent strategies generally:

A) evolve and change as needs arise. B) involve only portions of an organization. C) encourage strong leadership within a firm. D) are less beneficial to a small company.

Operating leverage is highest in companies that have ________

A) a service rather than a manufacturing emphasis B) virtually no fixed costs C) equal variable and fixed costs D) a high proportion of variable costs relative to their fixed costs E) a high proportion of fixed costs relative to their variable costs