What does the acronym FTC stand for?

The acronym FTC stands for the Federal Trade Commission. This is a significant U.S. government agency established in 1914 to protect consumers and maintain competition in the marketplace. The FTC is tasked with preventing anticompetitive, deceptive, and unfair business practices. It plays a crucial role in enforcing consumer protection laws and regulating various types of business activities to ensure fair competition.

Understanding the function and responsibilities of the Federal Trade Commission is important, especially for those in the healthcare industry, as it is responsible for enforcing laws that impact how organizations market their services and products to consumers. The other options, although they sound plausible, do not represent any known federal agency or commission related to trade or consumer protection.