Managers in Biotechnology Know That New Drugs Have a 10

question 63

Multiple Choice

Managers in biotechnology know that new drugs have a 10 percent chance of passing advanced clinical trials.This is an example of:

• A) risk.
• B) uncertainty.
• C) bounded rationality.
• D) incomplete information.
• E) satisficing.

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Definitions:

Nuclear Option

A parliamentary procedure that allows the United States Senate to override a rule or precedent by a simple majority of 51 votes, rather than the two-thirds majority normally required.

Filibuster Rules

Regulations governing the use of filibuster in legislative bodies, determining how and when it can be employed to delay proceedings or block legislation.

Conference Committees

Special joint committees formed to reconcile differences in bills passed by the House and Senate, aiming to reach an agreement on a single version of the bill.

Political Parties

Organizations that seek to achieve power within a government through the election of their candidates to public office.