______ of the Uniform Commercial Code governs the law of commercial sales

What organization issues International Financial Reporting Standards?

A. International Accounting Standards Board B. Financial Accounting Standards Board C. International Auditing Standards Committee D. IFRS

Which of the following statements is not true?

a. Operating leverage refers to the extent to which a company's net income reacts to a given change in sales. b. Companies that have higher fixed costs relative to variable costs have higher operating leverage. c. When a company's sales revenue is increasing, high operating leverage is good because it means that profits will increase rapidly. d. When a company's sales revenue is decreasing, high operating leverage is good because it means that profits will decrease at a slower pace than revenues decrease.