Assignment 2: Evaluation of Agency’s Public Personnel Administration, Part 2

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PAD530Assignment1Week3.docx

Running head: FEDERAL TRADE COMMISSION AGENCY 1

FEDERAL TRADE COMMISSION AGENCY 2

FEDERAL TRADE COMMISSION AGENCY

Delores Blango

Strayer University

Dr. Pantaleo

PAD 530 – Public Personnel Management

October 19, 2019

The Federal Trade Commission (FTC) is an agency of the federal government that protects the consumers and promotes competition. This agency was formed in 1914 by President Wilson Woodrow after he signed the trade act into law. The predecessor of this agency was the Bureau of Corporations, which were established in 1903. The Act created by President Wilson was an essential Act against trusts that were a critical political concern during the progressive era, a time where social activism and political reforms were widespread; this was also a time where problems related to industrialization, corruption and urbanization was eliminated. Since then, the agency has formed several acts including the Clayton act an antitrust statue. The mission of this trade commission is protection of different consumers and encouraging competition through prevention of businesses that are unfair, deceptive and anticompetitive (Ward, 2019). This accomplished via advocacy, education and law enforcement without disrupting businesses that is legitimate. The agency has its headquarters in Washington DC in the FTC building. The vision of this agency is to promote an economy that is vibrant and characterized by consumer access and competition to information that is accurate in the marketplace.

According to Marc, (2019) the first function of the federal trade commission agency is protecting the consumers by ensuring preventative measures against all fraudulent actions in the marketplace. The agency carries out investigations and sues all the consumers and all types of businesses or companies and people who try to violate the law. The agency in this regard formulates rules to ensure that the marketplace is vibrant. Consumers and businesses also taught about their responsibilities or rights. After this, it collects various complaints related to the issues in the data security sector or advertisements that are deceptive to pinpoint theft and violations and eventual law enforcement follow-up. The agency employs the latest technological tools to anticipate and respond to slight changes in the marketplace.

The federal trade agency also promotes competition through pricing, services and selection. Consumers benefit from the agency, which always ensures that the prices kept low and the quality of both goods and services always remains high. The agency uses the antitrust laws to help the markets remain free and open. The agency always observes the markets and then tries to challenge mergers that are not competitive and business practices, which could cause harm to the consumers through high prices, few choices, and low quality of products and through low innovation rates. Ultimately, the agency also monitors business practices, reviews possible mergers and challenges these mergers at the right time to make sure that the market functions well depending on the preferences of the consumers as long as the activities not illegal. The agency also functions by enforcing laws. This means that it has the power to enforce civil suits in courts to ensure a secure financial penalty and compensation for individuals or take actions for property damaged by violators using appropriate laws. The violators can be punished or fined accordingly in the court upon the agency taking action. The agency also has the function of imposing new internet regulations as the internet expands to a larger fraction of the GDP as more internet business come up for example media marketing and content creation. Another critical function of the FTC is monitoring and oversight of the business environment for any unfair practices including anti-competitive functions and prohibits false adverts for example; the agency recently filed a lawsuit against the companies that sell tobacco, which eventually stopped advertising cigarettes to pre-teens and youths (FTC, 2019). Ultimately, this agency plays the function of fact finding using high technological tools or applications created in the business environment and enabled continuous education of users.

The first current event involving the federal trade commission, which could have a huge impact on personality management, is Trump’s intense scrutiny. Which do a Republican and Democratic commissioner currently head. In order for the agency to become complete, five more members elected with one Democrat and two Republicans. The vacancies have enabled Trump to have a higher degree of altering the course of the agency. This has led to speculations that the new administration have been selected might not be able to proactively review the mergers via the justice department and the agency itself. Another event is that since the FTC is dynamic with more than 1000 staff, 75 economies and 600 attorneys, the agency has decided to hire economists and attorneys for the agency to achieve consumer competition and protection objectives (Hoofnagle, 2016). This has called for a change in personal management that will best accomplish the missions.

The first rationale for selecting the Federal Trade Commission an Agency, which is part of the Federal Government that has been around for more than a century since 1914. Secondly, the mission of this trade agency is protection of all consumers and encouraging competition through prevention of businesses that are unfair, deceptive and anticompetitive. The vision of this agency is also to promote an economy that is vibrant and characterized by consumer access and competition to information that is accurate in the marketplace (Kovacic & Hyman, 2016).

References

Ward, P. C. (2019). Federal trade commission: Law, practice and procedure. Law Journal Press.

Hoofnagle, C. J. (2016). Federal Trade Commission privacy law and policy. Cambridge University Press.

FTC, 2019) About the Federal trade commission agency Retrieved from: https://www.ftc.gov/about-ftc

Marc D. (2019) A short history of the US federal trade commission Retrieved from: https://www.investopedia.com/articles/financial-theory/10/the-us-federal-trade-commission.asp

Kovacic, W. E., & Hyman, D. A. (2016). Consume or invest: What do/should agency leaders maximize. Wash. L. Rev., 91, 295.