The Development of New Drugs Is Very Expensive

question 42

Multiple Choice

The development of new drugs is very expensive. For this reason Genentech, a large biotechnical company, has entered into a business arrangement with Swiss-owned Roche to develop a vaccine for tuberculosis. When the vaccine is developed or when the two biotechnical companies determine the vaccine cannot be developed using their current methodology, this relationship will dissolve. What type of relationship is it?

• A) joint venture
• B) general partnership
• C) cooperative
• D) limited-time partnership

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Definitions:

Republican Party

One of the two major contemporary political parties in the United States, traditionally supporting policies of free market capitalism, fiscal conservatism, and limited government intervention.

Bush V. Gore

U.S. Supreme Court case that determined the winner of the disputed 2000 presidential election.

Precedent

A legal principle or rule that is created by a court decision which provides an example or authority for judges deciding similar issues later.

Justices

Refers to officials appointed to preside over legal proceedings, typically in courts of law, to administer justice.