According to Section 5 of the FTC Act, self-regulation primarily involves a company’s right to do what?

According to Section 5 of the FTC Act, self-regulation primarily involves a company’s right to do what?
A . Determine which bodies will be involved in adjudication
B . Decide if any enforcement actions are justified
C . Adhere to its industry’s code of conduct
D . Appeal decisions made against it

View Answer

Answer: C

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.

Reference: Federal Trade Commission Act, Section 5 of

Self-Regulation | Federal Trade Commission

[IAPP CIPP/US Certified Information Privacy Professional Study Guide], Chapter 3, page 79