What are the major functions of the Federal Trade Commission (FTC) and what power does the FTC have?
The Federal Trade Commission has two major functions: (a) to prevent unfair methods of competition and (b) to prevent unfair or deceptive acts or practices in commerce. The five-member commission is empowered to conduct appropriate investigations and hearings and to issue against violators cease and desist orders that are enforceable in the federal courts and have the effect of an injunction. The FTC may also order other relief, such as affirmative disclosure, corrective advertising, and the granting of patent licenses on a reasonable royalty basis.
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Whitney Company treats each division as a profit center and expects a 20 percent profit on its total production costs. Division A produces a part that it sells externally for $19.00. It also supplies this part to other internal divisions. Its variable production cost for the part is $13.70. Using a negotiated-price approach, what is the negotiation floor for Division A?
A) $13.70 B) $16.35 C) $16.44 D) $17.72
Eliminating a product or segment may have the long-term effect of reducing fixed costs
Indicate whether the statement is true or false
Interim reports:
a. are unaudited financial reports covering fiscal periods of less than one year. b. require that actual year-to-date tax rates be used. c. are required by the SEC to be audited. d. may use non-GAAP in their preparation.
Brands that seek to remove or restrict material from the Internet are often sanctioned in a very public and humiliating manner. This phenomenon is linked to which public figure?
A. Bill Gates B. LeBron James C. Kim Kardashian D. Barbara Walters E. Barbra Streisand