When the Federal Trade Commission (FTC) Insists That a Company

question 103

Multiple Choice

When the Federal Trade Commission (FTC) insists that a company stop making a false claim in an advertisement and that company agrees to stop, it is an example of a(n) :

• A) legal review
• B) cease and desist order
• C) administrative complaint
• D) consent order

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Definitions:

Modernization Theory

A theory suggesting that societies progress linearly from traditional to modern states, emphasizing the role of technology and economic development in this transition.

Dependency Theory

A socioeconomic theory suggesting that resources flow from poor, underdeveloped states to wealthy states, enriching the latter at the expense of the former.

World Systems Theory

A socio-economic theory that suggests the world is divided into core, semi-peripheral, and peripheral countries, with wealth and power concentrated in the core.

Commodity Chain

The network of production and labor processes by which a product becomes a finished commodity. By following the commodity chain, it is evident which countries gain profits and which ones are being exploited.