Examlex
Return on equity is calculated as:
Defective
Having a fault or flaw that reduces the item's intended function or value, often leading to unsatisfactory performance.
Express Warranties
Explicit guarantees provided by a seller to a buyer regarding the quality, performance, or specifications of a product or service.
Implied Warranties
Legal assurances that are not explicitly stated but are assumed in the sale of goods, suggesting they will function as expected.
Transaction
A business deal or action, such as buying or selling, between two or more parties.
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