Asked by Nirvir Khosa on May 06, 2024
Verified
________ are the Federal Trade Commission's responses to a private party's query about the legality of proposed business conduct.
A) Advisory opinions
B) Industry guides
C) Executive orders
D) Legislative acts
Advisory Opinions
Opinions provided by courts or regulatory agencies on legal issues, often without the presence of an actual case or controversy.
Federal Trade Commission
A U.S. government agency tasked with protecting consumer rights and eliminating anticompetitive business practices. This is a more detailed definition of the FTC.
- Differentiate between advisory opinions, consent orders, and cease-and-desist orders in the context of FTC regulatory actions.
Verified Answer
HK
Hiroki KanekoMay 08, 2024
Final Answer :
A
Explanation :
The Federal Trade Commission (FTC)promotes voluntary business behavior by issuing advisory opinions and industry guides.An advisory opinion is the Commission's response to a private party's query about the legality of proposed business conduct.The FTC is not obligated to furnish advisory opinions.
Learning Objectives
- Differentiate between advisory opinions, consent orders, and cease-and-desist orders in the context of FTC regulatory actions.