The FTC Focuses on ________ When It Attacks Unfair Acts

question 61

Multiple Choice

The FTC focuses on ________ when it attacks unfair acts or practices.

• A)free and fair trade
• B)antitrust action
• C)consumer harm
• D)anticompetitive behavior

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Definitions:

Accounts Receivable Period

measures the average number of days it takes a company to collect payment after a sale has been made, indicating the efficiency of its credit policies.

Cost of Goods Sold

Represents the total cost directly tied to the production or acquisition of the goods sold by a company during a specific period.

Sales

The activities involved in selling goods or services in return for money or other compensation, serving as a primary revenue source for businesses.