The FTC Is

question 247

Multiple Choice

The FTC is

• A) the act that prevents producers from driving out smaller competitors by means of selected discriminatory price cuts.
• B) the commission that investigates unfair competitive practices such as misleading advertising.
• C) an agency which has been set up to regulate the federal government.
• D) the agency set up to regulate hospitals.

Demonstrate an understanding of the types of businesses (service, merchandising, manufacturing) and their characteristic operations.

Analyze the ethical considerations in corporate accounting practices.

Understand the impact of different transactions on the accounting equation.

Analyze the effect of specific business transactions on a company's financial statements.