The Debt to Equity Ratio Is Expressed in Terms of Dollars

question 47

True/False

The debt to equity ratio is expressed in terms of dollars.

---

Definitions:

Product Liability Suit

A legal action taken against a manufacturer, distributor, or seller for producing or selling a defective product that caused harm to a consumer.

Proximate Cause

The primary event or act that leads to a legal liability, directly resulting in the occurring damage or injury.

Strict Liability

A legal principle where a party can be held responsible for damages or harm caused without needing to prove negligence or intent.

Privity of Contract

A legal concept indicating that contracts confer rights and impose obligations only on the parties signing the contract.