In a Typical Situation in Which the FTC Discovers a Potentially

question 24

Multiple Choice

In a typical situation in which the FTC discovers a potentially deceptive practice,the FTC:

• A) obtains a cease and desist order immediately,before any more damage is done.
• B) investigates,files a complaint,and has a hearing in front of an ALJ.
• C) requests a court hearing in the local federal trial court.
• D) investigates and,if warranted,brings the matter before the five-member commission for issuance of a mandatory safety standard.

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Definitions:

Short-Term Investments

Investments that are readily marketable and intended to be converted into cash within the next year or operating cycle, whichever is longer.

Total Current Liabilities

Total current liabilities are the sum of all debts and financial obligations a company owes within the next year.

Discontinued Operations

A segment of a company's business that has been sold or ceased to operate, and its financial results are separately reported from continuing operations.

Book Value

The net value of a company's assets as shown on the balance sheet, calculated as total assets minus intangible assets and liabilities.