Seventy percent of the population of sub-Saharan Africa exists on less than $2 a day and is unable to pay for medications at a price point that would reimburse pharmaceutical companies for their research investment in medications to treat AIDS,
tuberculosis, and malaria. How does this relate to the demands of corporate social responsibility?
Pharmaceutical companies are businesses facing ethical dilemmas in this situation. The question is: What is their exact moral and ethical obligation with regard to the AIDS pandemic in sub-Saharan Africa that kills over 2 million people a year? Tuberculosis kills approximately 550,000 a year, and at least 1 million people die from malaria each year, mostly children. It is a challenge for modern business leaders to balance their need to respond to investors and produce a profit with their desire to alleviate human suffering. Students do not need to remember exact statistics; however, an understanding of the scope of the problem and the sense of the moral and ethical challenges can be stated in reply to the question.
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According to the factor-endowment theory,
a. the abundant factor gains from trade. b. the scarce factor gains from trade. c. those disadvantaged by trade outnumber those advantaged by trade. d. everyone necessarily benefits from trade.
Which of the following procedures is not appropriate for examining or reviewing pro forma financial information?
a. Obtaining less evidence in an examination engagement than in a review engagement. b. Obtaining an understanding of the underlying transaction or event. c. Discussing management's assumptions regarding the effects of the transaction or event. d. Evaluating whether pro forma adjustments are completely recorded.
When an IC hires and trains local, host-country people, the IC often
A. encourages their transfer, causing brain drain. B. overtrains them to IC culture-based standards. C. pays them too much and creates inflation. D. may lose them to local firms or other ICs once they are trained.
In a decision table, all of the alternatives are listed down the left side of the table, while all of the possible outcomes or states of nature are listed across the top
Indicate whether the statement is true or false