What is the primary role of the Federal Trade Commission (FTC)?

Prepare for the DECA Business Law and Ethics Team Decision Making Test with tailored quizzes. Utilize flashcards and multiple choice questions, each accompanied by insightful explanations to enhance your understanding and performance. Excel in your assessment today!

The primary role of the Federal Trade Commission (FTC) is to protect consumers from unfair business practices. This encompasses a wide range of activities aimed at ensuring that the marketplace operates fairly and competitively. The FTC is responsible for preventing deceptive advertising, investigating violations of consumer protection laws, and promoting transparency among businesses. By focusing on consumer protection, the FTC aims to enhance the overall trust in the marketplace, ensuring that consumers can make informed choices without being misled or harmed by unethical business practices.

The other choices represent areas that the FTC does not primarily oversee. For example, enforcing strict liability laws, managing corporate governance systems, and overseeing insider trading regulations are responsibilities typically associated with other regulatory bodies or legal frameworks. Thus, choice A accurately reflects the main purpose and mission of the FTC in safeguarding consumer interests.

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