Which of the Following Acts Prohibits Unfair Methods of Competition

question 151

Multiple Choice

Which of the following acts prohibits unfair methods of competition?

• A)Sherman Act
• B)Federal Trade Commission Act
• C)Robinson-Patman Act
• D)Clayton Act
• E)none of the above

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Definitions:

Credit Issued

The provision of funds or goods before payment, based on the trust that payment will be made in the future.

Reasonable Source

A credible or reliable origin of information or data that is considered acceptable or trustworthy for making decisions or drawing conclusions.

Sold Receivables

The process of a company selling its receivables to a third party to improve its cash flow.

Maturity Date

The date on which the final payment on the bond is due from the bond issuer to the investor.