Asked by Megan Shook on May 06, 2024
Verified
Many alleged violations of statutes or trade regulation rules are never adjudicated by the FTC.Instead,they are settled through a ________.
A) cease-and-desist order
B) standard $16,000 fine per violation
C) consent order
D) standard $26,000 fine per violation
Trade Regulation Rules
Rules established by regulatory authorities to govern the practices of businesses, aimed at ensuring fairness in commerce and preventing anticompetitive behavior.
Consent Order
A legal agreement approved by a court, usually resolving a dispute between parties without admission of guilt or liability.
Cease-And-Desist Order
A legal order issued by a governmental agency or court to halt a particular activity or practice deemed illegal or harmful.
- Identify the legal repercussions and fines associated with breaching the FTC Act and other pertinent consumer protection statutes.
Verified Answer
Learning Objectives
- Identify the legal repercussions and fines associated with breaching the FTC Act and other pertinent consumer protection statutes.
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