Introductory Business Law CLEP Prep Practice Exam

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Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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

To protect consumers from unfair or deceptive practices
To protect the rights of workers from discrimination
To protect the rights of employers from discrimination
To enforce the Fair Labor Standards Act

The correct answer is: To protect consumers from unfair or deceptive practices

The primary purpose of the Federal Trade Commission is to protect consumers from unfair or deceptive practices. The FTC enforces rules and regulations to ensure that businesses do not engage in fraudulent or unfair practices that may harm consumers. Option B is incorrect because the FTC does not specifically focus on protecting the rights of workers. Option C is incorrect because the FTC is not concerned with protecting the rights of employers. Option D is also incorrect because the FTC does not have jurisdiction over enforcing the Fair Labor Standards Act, which is the responsibility of the Department of Labor.