Regarding the Federal Trade Commission$$s $($FTC$$s$)$ penalties or remedies, which of the following statements is true?

Multiple Choice

The FTC Act states that, in the case of a violation through continuing failure to obey an order, each day the violation continues is an ongoing offense.

The basic penalty for trade practice violations under the FTC Act is a civil fine of not more than $$1,000$ per violation.

The FTC$$s main purpose is to prevent and deter trade practice violations.

Either the FTC or the Justice Department must ask the federal court to assess all civil fines, including fines accepted by companies that are imposed as part of a consent order.

Civil fines may be assessed by courts only under two distinct situations: for a violation of a consent or cease and desist order or for a violation of a trade regulation rule.