SuperMeds Corporation Has Just Developed a New Drug That Controls

question 33

Multiple Choice

SuperMeds Corporation has just developed a new drug that controls severe acne.The drug is not approved by the FDA for use in the United States because it contains a chemical known to produce negative side effects after many years of continuous use.SuperMeds finds that it can profitably sell the drug in Mexico because the questionable chemical is not banned there.Whether it is ethical to sell the drug in Mexico depends on​ 

• A) ​the number of years before side effects show up. 
• B) ​the number of potential customers. 
• C) ​which legal standards are applied. 
• D) ​which ethical standards are applied.

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Definitions:

Ledger

A comprehensive book or database of financial accounts where all transactions are recorded, typically categorized by account.

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit columns to check the accuracy of financial transactions.

Account Balances

These reflect the amount of money within a financial account at any given time.

Transaction

An economic event that involves a transfer of value between two or more entities, leading to a change in their financial position.