Regarding Business Crises, It Is Safe to Say That

question 27

Multiple Choice

Regarding business crises, it is safe to say that:

• A) the great majority are expected.
• B) the great majority are unexpected.
• C) most are "smoldering" crises.
• D) with a plan, the business can deal with nearly any crisis.
• E) Both A and C.

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Definitions:

U.S. Antitrust Laws

Laws enacted by the U.S. to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.

Federal Trade Commission Act

A U.S. federal law established in 1914 to promote consumer protection and eliminate and prevent anticompetitive business practices.

Anticompetitive Behavior

Actions by businesses aimed at undermining competition, often through unfair practices, to maintain or acquire market dominance.

Antitrust Law

A body of laws designed to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.