Section 1 of the Robinson-Clayton Act Permits Any Person Who

question 151

True/False

Section 1 of the Robinson-Clayton Act permits any person who suffers antitrust injury in his or her "business or property" to bring a private civil action against the offenders.

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Definitions:

Accounts Receivable

The amount that debtors are required to pay to a company for the goods or services they have received but have not yet compensated for.

Accounts Payable

Obligations of a business to pay for goods or services that have been delivered but not yet paid for.

Inventory

The total amount of goods and materials a company holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

Profit Margin

A financial ratio that calculates the amount of net income earned with each dollar of sales by dividing net profit by total revenue.