Which of the Following Is an Action the Federal Trade

question 150

Multiple Choice

Which of the following is an action the Federal Trade Commission (FTC) can take to stop a company from continuing an unfair trade practice?

• A) competitive advertising
• B) a cease and desist order
• C) a private ruling
• D) a consent degree
• E) a stay

Understand the process and importance of product development and pivoting in the business world.

Recognize the educational background and risk profile of typical entrepreneurs.

Understand the concepts of diversity and innovation in enhancing problem-solving within organizations.

Recognize the role and definition of small businesses in the global market.

---

Definitions:

Percent of Sales Method

A financial analysis tool used to forecast future figures by assuming they will be a fixed percentage of sales volume.

Bad Debt Expense

Bad debt expense is an estimate of the uncollectible amounts for credit sales or loans extended, recognized as an expense in the income statement.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Receivable

Money owed by customers to a company for goods or services provided on credit.