What must the FTC do in accordance with its regulatory functions?

What must the FTC do in accordance with its regulatory functions?

• A. Advocate for corporate tax cuts
• B. Recommend new legislation on business practices
• C. Conduct only internal audits of businesses
• D. Limit the number of business licenses issued

Answer: (B)

The Federal Trade Commission (FTC) has a primary role in protecting consumers and ensuring a competitive marketplace. One of the key responsibilities of the FTC is to study and analyze various business practices and market trends. As part of this function, the agency may identify areas where existing legislation is lacking or where new regulations could improve consumer protection and competition in the marketplace. Therefore, the FTC can recommend new legislation on business practices as a means to address identified issues and improve regulatory effectiveness. This process allows the FTC to advocate for changes that reflect the evolving business environment, ensuring that the laws governing commerce are relevant and effective in addressing modern challenges. By making these recommendations based on thorough research and analysis, the FTC plays a crucial role in shaping policies that protect consumers and promote fair competition.

The Federal Trade Commission (FTC) has a primary role in protecting consumers and ensuring a competitive marketplace. One of the key responsibilities of the FTC is to study and analyze various business practices and market trends. As part of this function, the agency may identify areas where existing legislation is lacking or where new regulations could improve consumer protection and competition in the marketplace. Therefore, the FTC can recommend new legislation on business practices as a means to address identified issues and improve regulatory effectiveness.

This process allows the FTC to advocate for changes that reflect the evolving business environment, ensuring that the laws governing commerce are relevant and effective in addressing modern challenges. By making these recommendations based on thorough research and analysis, the FTC plays a crucial role in shaping policies that protect consumers and promote fair competition.