It Is Notoriously Difficult to Perform Unbiased Studies When Human

question 34

Essay

It is notoriously difficult to perform unbiased studies when human subjects are used. When governmental agencies such as the U.S. Food and Drug Administration (FDA) are trying to determine the validity of scientific claims, they very closely examine the methods used in the experiments. What are the three phases of clinical trial, and which one(s) must a drug pass in order to be sold in U.S. markets?

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Definitions:

Cash Dividends

Money distributed by a corporation to its shareowners, frequently as a dividend from profits.

Operating Activities

Transactions and other events that are not investing or financing activities, usually involving the production and delivery of goods and services.

Indirect Method

A method used in cash flow statement preparation that adjusts net income for the changes in balance sheet accounts to calculate the cash from operating activities.

Accounts Payable

Obligations or debts owed by a company to its suppliers or creditors for goods and services received.