When the FTC Issues a Final Directive to a Firm

question 45

Multiple Choice

When the FTC issues a final directive to a firm to stop engaging in an activity the FTC considers illegal,this directive is a(n) :

• A) order to remand
• B) stopgap measure
• C) order of cessation
• D) cease and desist order
• E) corrective action order

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Definitions:

Ordinary Annuity

An annuity in which payments are made at the end of each period, such as monthly or annually, commonly found in loans and savings plans.

Compounded Annually

Interest calculation method where the interest is calculated once per year and added to the principal sum, affecting the calculation of future interest.

Compounded Semi-annually

Interest calculation method where interest is added to the principal twice a year, allowing the interest to grow faster than simple interest.

Savings Plan

A systematic approach to setting aside funds to reach financial goals.