Funeral Arts National Board Practice Exam

Which agency aims to prevent anti-competitive practices in business?

1. FTC

2. FCC

3. FEMA

4. NLRB

The correct answer is: FTC

The Federal Trade Commission (FTC) is the agency responsible for preventing anti-competitive practices in business. Its primary mission is to protect consumers and promote competition by enforcing a variety of antitrust laws. These laws are designed to prevent monopolies, price-fixing, and other unfair business practices that can harm consumers and stifle competition in the marketplace. The FTC conducts investigations into potential violations and can take legal action against companies that engage in anti-competitive behavior. By doing so, it aims to create an environment where businesses can operate fairly and consumers can benefit from a diverse range of products and services at competitive prices. Other options, while linked to significant regulatory functions, focus on different areas: the Federal Communications Commission (FCC) deals with communications regulation, the Federal Emergency Management Agency (FEMA) is involved in disaster response and recovery, and the National Labor Relations Board (NLRB) oversees labor practices and relations. Thus, these agencies do not specifically focus on preventing anti-competitive practices in business as the FTC does.