Leverage refers to the use of borrowed funds to increase a firm's rate of return. True or False True False

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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**Question:**

Leverage refers to the use of borrowed funds to increase a firm's rate of return.

**True or False**

**Options:**

- **True**
- **False**

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Transcribed Image Text:**Question:** Leverage refers to the use of borrowed funds to increase a firm's rate of return. **True or False** **Options:** - **True** - **False** **Navigation:** - Prev (7 of 10) - Next
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