Why Do People Object to the Use of Viagra and Similar

question 188

Multiple Choice

Why do people object to the use of Viagra and similar drugs being voluntarily covered by health insurance companies, but fail to object to birth control pills not being covered unless mandated by law?

• A) Viagra is much more expensive than birth control pills.
• B) The reason is ageism; Viagra is used by older people, while birth control is used by younger people.
• C) Viagra is a trade drug; birth control pills are largely generic.
• D) The reason may be the sexual double standard; sex is OK for men but not for women.

Understand the steps involved in processing financial transactions.

Understand the concept of decision-making under risk and uncertainty, including aggressive and conservative strategies.

Calculate and interpret expected payoffs and expected values in decision-making contexts.

Explain the significance of clinical trials and FDA approval in the pharmaceutical industry's revenue projections.

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Definitions:

Variable Overhead Efficiency Variance

A metric used to assess the efficiency of variable overhead resource utilization by comparing the actual hours worked to the standard hours allowed for the actual output.

Variable Manufacturing Overhead

Costs of manufacturing overhead that vary with the level of production activity, such as utility costs.

Standards

Predetermined benchmarks or norms used for measuring performance or ensuring consistency and quality in various fields.

Standard Cost System

A cost accounting system that estimates costs based on standard efficiency and material usage rates, then compares them with actual costs to identify variances.