The Wheeler-Lea Act of 1938

question 127

Multiple Choice

The Wheeler-Lea Act of 1938

• A)made interlocking directorates illegal.
• B)set up the Federal Trade Commission (FTC) to deal with "unfair methods of competition."
• C)made monopolization of trade a misdemeanor.
• D)prohibited suppliers from offering special discounts to large chain stores without offering them to everyone else.
• E)empowered the FTC to deal with false and deceptive acts or practices.

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Definitions:

Business Deal

An agreement or arrangement between two or more parties to achieve specific commercial objectives.

Human Faces

The front part of the human head that features key sensory organs and is crucial for identity recognition and emotional expression.

Attractive

Possessing features, qualities, or characteristics that evoke interest, desire, or pleasure in others.

Medical Researcher

refers to a professional engaged in conducting studies aimed at improving knowledge of diseases, developing medical treatments, or furthering health sciences.