Describe the purpose of Institutional Review Boards (IRBs). In your description, define and explain the three basic IRB principles: respect for persons, beneficence, justice.
What will be an ideal response?
May vary. IRBs were created to monitor and regulate the ethical and moral
activities of research at various institutions. The three IRB principles and their definitions are: Respect for persons, by not deceiving or coercing; Beneficence, minimizing risk, doing no harm; Justice, fair selection and procedures.
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Indirect costs generally represent overhead costs such as supervision, administration, consultants, and interest.
Answer the following statement true (T) or false (F)
Hoover Company acquired Burgess Company for $1,200,000 cash. The fair value of Burgess' assets was $1,040,000, and the company had liabilities of $60,000. How much goodwill did Hoover Company acquire in the purchase?
A. $60,000 B. $1,200,000 C. $220,000 D. $1,040,000
Community Bank receives a check drawn by Dennis. The check lacks a proper indorsement. Payment can be postponed without dishonor
a. indefinitely. b. under no circumstances. c. for thirty days. d. until the proper indorsement is obtained.
Obscene speech is protected by the First Amendment.
Answer the following statement true (T) or false (F)