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:

Stakeholder

An individual, group, or organization that has interest or concern in an organization and can affect or be affected by the organization's actions, objectives, and policies.

Operations

The day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders; focuses on manufacturing and service processes.

Leadership and Navigation

The ability to direct and influence others towards achieving organizational goals while successfully navigating through complexity, change, or challenge.

HR Function

Comprises various roles and responsibilities within an organization to manage and support its workforce effectively.