A firm's operating breakeven point is the level of sales necessary to cover all fixed operating costs

The Management Discussion & Analysis section of the annual report is best described as:

A. Frank but objective. B. Independent but precise. C. Legalistic and lengthy. D. Biased but informative.

TheKnot.com is an Internet company that is a one-stop source of all the items needed to have a successful wedding including listings of local caterers and photographers. When someone registers on the site, he or she is sent the "Ultimate Wedding Organizer." It offers advice on what to do with "cold feet" and how to handle in-laws. TheKnot.com recognizes that which of the following represents a portfolio of opportunities, risks, and challenges?

a. a service mix b. an offering grouping c. a component combination d. an assembly process