Which of the following is true of leverage?
A) It refers to the effects that operating and financial fixed costs have on the returns that shareholders earn.
B) It is associated with risks which are out of the control of managers.
C) It includes the effect of operating fixed costs on the returns of shareholders and not the financial fixed costs.
D) It is used to evaluate the profitability associated with various levels of sales.
A
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Payment of the broker's commission:
a. does not establish agency b. establishes an agency relationship c. determines loyalty d. implies vicarious liability
The ________ has the function to oversee compliance with the 1968 Treaty on the Non-Proliferation of Nuclear Weapons, and carrying out inspections at nuclear facilities in non–nuclear weapons states
A. European Organization for Nuclear Research B. International Atomic Energy Agency C. World Association of Nuclear Operators D. International Energy Agency