Post Utme Unilorin 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 24 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A company engages in unfair trade practices and is sued by the Federal Trade Commission. Which of the following is a correct statement regarding the company's liability?

Answer Options

A. The company is liable for damages to consumers who were affected by the unfair trade practices.
B. The company is liable for a fine of up to ₦10 million.
Correct Answer C. The company is liable for a fine of up to ₦100 million and must also cease and desist from engaging in unfair trade practices.
D. The company is not liable for any damages or fines, as the Federal Trade Commission does not have jurisdiction over the company.
Correct Answer
C
Correct Option:
The company is liable for a fine of up to ₦100 million and must also cease and desist from engaging in unfair trade practices.

About This Question

This is Post Utme Unilorin 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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