Examlex
Indooroopilly & Sons reports:
Total assets $ 950 000
Profit 80 000
Current liabilities 570 000
If current assets = 40% of total assets Indooroopilly's current ratio is:
Sherman Act
A foundational piece of antitrust legislation in the United States that aims to prevent monopolies and promote competition.
Bait and Switch
A deceptive marketing strategy where a customer is attracted by the advertisement of a low-priced item but is then persuaded to buy a more expensive one.
Factory Seconds
Products that are not sold as 'first-quality' due to minor defects or imperfections, often available at reduced prices.
Power Drill
A tool equipped with a cutting tool attachment or driving tool attachment, usually a drill bit or driver bit, used for drilling holes in various materials or fastening materials together.
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