CIPP-US · Question #166
According to Section 5 of the FTC Act, self-regulation primarily involves a company's right to do what?
The correct answer is C. Adhere to its industry's code of conduct. According to Section 5 of the FTC Act, self-regulation primarily involves a company's right to adhere to its industry's code of conduct. Self-regulation is a process by which an industry or a group of companies voluntarily adopts and enforces standards or guidelines to protect…
Question
According to Section 5 of the FTC Act, self-regulation primarily involves a company's right to do what?
Options
- ADetermine which bodies will be involved in adjudication
- BDecide if any enforcement actions are justified
- CAdhere to its industry's code of conduct
- DAppeal decisions made against it
How the community answered
(30 responses)- A17% (5)
- B7% (2)
- C73% (22)
- D3% (1)
Explanation
According to Section 5 of the FTC Act, self-regulation primarily involves a company's right to adhere to its industry's code of conduct. Self-regulation is a process by which an industry or a group of companies voluntarily adopts and enforces standards or guidelines to protect consumers and promote fair competition. The FTC encourages self-regulation as a way to complement its enforcement efforts and address emerging issues in the marketplace. The FTC also monitors self- regulatory programs and may take action against companies that fail to comply with their own codes of conduct or misrepresent their participation in such programs.
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