Praxis II Business Education 2023

Praxis II Business Education 2023 Federal Trade Commission Act - ANS-1914 - , established the FTC that would investigate and prevent unfair business practices - encourage competition Sherman Antitrust Act - ANS-1890, A law that made it illegal to create monopolies or trusts that restrained free trade Clayton Antitrust Act - ANS-This act was enacted in 1914, and it reinforces and broadens the provisions of the Sherman Act. Among its prohibitions are certain exclusive contracts, predatory price cutting to eliminate competitors, and inter-related boards of directors and stock holdings between same-industry corporations Wheeler-Lea Act - ANS-1938, Made unfair and deceptive advertising practices illegal and put FTC over food and drug promotion Robinson Patman Act - ANS-Passed in 1936, it aims to prevent businesses from selling the same product to different people at different prices (price discrimination); this act strengthened the Clayton Act Food and Drug Administration (FDA) - ANS-Federal agency formed in 1913 that approves all food, drugs, and cosmetics for sale in the US. Consumer Product Safety Commission (CPSC) - ANS-1972, oversees the safety of products such as toys, electronics, and household furniture Equal Employment Opportunity Commission (EEOC) - ANS-1964, ensures that employers do not discriminate against employees because of age, race, color or national origin, religion, gender, or physical challenge. Occupational Safety and Health Administration (OSHA) - ANS-1970, regulates the workplace environment; ensures that workplaces are safe and healthful for employees Securities and Exchange Commission (SEC) - ANS-1934 - regulates the stock markets Environmental Protection Agency (EPA) - ANS-a federal agency established in 1970 for the regulation of water and air pollution, toxic waste, pesticides, and radiation Better Business Bureau (BBB) - ANS-One of the oldest nonprofit organizations that establishes self-regulation among businesses. CONTINUES...