Which One of the Following Organizations Has as Its Primary

question 22

Multiple Choice

Which one of the following organizations has as its primary function the regulation of advertising and pricing practices?

• A) Food and Drug Administration (FDA)
• B) Federal Trade Commission (FTC)
• C) Federal Communication Commission (FCC)
• D) Securities and Exchange Commission (SEC)
• E) Small Business Administration (SBA)

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Definitions:

Fair Dealing

A legal doctrine aiming to ensure honesty and fairness in transactions and agreements, preventing parties from taking advantage of each other.

Franchise Arrangement

A business model that allows individuals or entities to operate their business using the branding and systems of an established company in exchange for a fee.

Winding Up

The second of two stages in the termination of a partnership or corporation, in which the firm’s assets are collected, liquidated, and distributed, and liabilities are discharged.

Franchisor's Property

Assets, trademarks, or intellectual property owned by the franchisor that are licensed to franchisees under a franchise agreement.