### What year was the Federal Trade Commission (FTC) founded? - [ ] 1920 - [ ] 1995 - [x] 1914 - [ ] 2000 > **Explanation:** The Federal Trade Commission (FTC) was originally founded in 1914. The agency was created to protect consumers and maintain fair competition in the marketplace. ### What is the primary mission of the FTC? - [ ] To assist first-time homebuyers - [ ] To manage public parks - [ ] To promote international trade - [x] To protect consumers and prevent anti-competitive business practices > **Explanation:** The primary mission of the Federal Trade Commission (FTC) is to protect consumers and maintain competition by preventing monopolies, false advertising, fraud, and other deceptive business practices. ### Which of the following is NOT a function of the FTC? - [ ] Avoid monopolies - [x] Managing public transportation - [ ] Preventing false advertising - [ ] Guarding against fraudulent business practices > **Explanation:** The FTC does not manage public transportation. Its functions include preventing monopolies, false advertising, and fraudulent business practices in order to protect consumers and maintain a competitive business environment. ### Which branch of the FTC is responsible for preventing deceptive business practices like false advertising? - [ ] Bureau of Competition - [x] Bureau of Consumer Protection - [ ] Bureau of Economics - [ ] Bureau of Enforcement > **Explanation:** The Bureau of Consumer Protection within the FTC is tasked with safeguarding consumers from deceptive business practices, such as false advertising, and often deals with cases involving advertising, marketing, and telemarketing. ### Which branch of the FTC oversees large mergers and acquisitions? - [x] Bureau of Competition - [ ] Bureau of Consumer Protection - [ ] Bureau of Economics - [ ] Bureau of Business Regulation > **Explanation:** The Bureau of Competition works to eliminate anti-competitive practices and oversees large mergers and acquisitions to ensure they do not violate antitrust laws. ### What role does the Bureau of Economics play within the FTC? - [ ] It enforces telemarketing regulations - [ ] It promotes international business opportunities - [ ] It manages the finances of the FTC - [x] It provides economic analysis and insight into the impact of regulations > **Explanation:** The Bureau of Economics within the FTC offers economic analysis and insight into the impact of the agency's regulations and daily operations, helping to assess and shape policy effectively. ### What does the FTC aim to prevent in the business world? - [x] Monopolies and anti-competitive practices - [ ] Banking regulations - [ ] Environmental waste - [ ] Labor disputes > **Explanation:** The FTC aims to prevent monopolies and anti-competitive practices in the business world, ensuring fair competition and protecting consumer interests. ### Which type of advertising does the FTC's Bureau of Consumer Protection regulate? - [ ] Resume advertising - [x] False advertising - [ ] Classified advertising - [ ] Brokerage advertising > **Explanation:** The FTC's Bureau of Consumer Protection regulates false advertising to safeguard consumers from deceptive claims and ensures fair commercial practices. ### To whom does the FTC's Bureau of Consumer Protection typically address its regulations? - [ ] Local government agencies - [x] Individual consumers - [ ] International organizations - [ ] Large scale manufacturers only > **Explanation:** The FTC's Bureau of Consumer Protection primarily addresses its regulations to individual consumers to protect them from deceptive and fraudulent business practices. ### Which agency is often involved in fighting telemarketing fraud? - [x] Federal Trade Commission (FTC) - [ ] Department of Education - [ ] NASA - [ ] Centers for Disease Control and Prevention (CDC) > **Explanation:** The Federal Trade Commission (FTC) often deals with fighting telemarketing fraud as part of its broader mission to protect consumers from deceptive business practices.