Economics > QUESTIONS & ANSWERS > CHAPTER 44—INSIGHT INTO ETHICS: SHOULD PHARMACEUTICAL COMPANIES BE ALLOWED TO TWEET? (All)

CHAPTER 44—INSIGHT INTO ETHICS: SHOULD PHARMACEUTICAL COMPANIES BE ALLOWED TO TWEET?

Document Content and Description Below

A1. DrugCo, Inc., makes and markets Evenflo, a prescription drug. Food and Drug Administration (FDA) rules require ads for prescription drugs to disclose all of the potential negative side effects. Display ads on the Web are not amenable to such lists. Thus to comply with FDA rules, on the Web DrugCo should run a. a general, disease-related search ad. b. an ad for Evenflo without a list of side effects. c. a tweet. d. no ads. A PAGE: 871 TYPE: N NAT: AACSB Reflective AICPA Legal CHAPTER 45—SHIFTING LEGAL PRIORITIES FOR BUSINESS: NEW HEALTH-CARE LAW REQUIRES CALORIC INFORMATION A2. Thai Pizza Corporation is a restaurant chain with twenty locations. Under federal law, Thai Pizza must post a. the caloric content of the foods on the chain’s menu. b. the recipes for the dishes on the chain’s standard menu. c. the chain’s recommendations for the healthiest selections. d. none of the choices. A PAGE: 886 TYPE: N NAT: AACSB Reflective AICPA Legal CHAPTER 48—SHIFTING LEGAL PRIORITIES FOR BUSINESS: ATTACKING THE ESSENCE OF THE SARBANES-OXLEY ACT A3. Spreadeagle, Inc., is a publicly held company. Spreadeagle’s executives include Tybalt, who serves as the firm’s chief financial officer. The Sarbanes-Oxley Act of 2002 provided for the establishment and appointment of a federal Public Company Accounting Oversight Board (PCAOB). The PCAOB was created to a. set and police auditing standards for publicly held companies. b. oversee presidential appointees to federal accounting positions. c. regulate the salaries of public company executives and others. d. issue a revised set of international financial reporting standards. A PAGE: 943 TYPE: N NAT: AACSB Reflective AICPA Legal UNIT NINE—FOCUS ON ETHICS: GOVERNMENT REGULATION A4. Pinpoint Marketing, Inc. (PMI), a credit-reporting agency, sells data about consumers to merchants and others. Consumers have some recourse if PMI a. realizes a profit from the sales. b. sells data about consumers who request to be “blacklisted.” c. does not report the data accurately. d. does not tell consumers when the data is sold. C PAGE: 953 TYPE: + NAT: AACSB Reflective AICPA Legal A5. Gabe owns Hazard Landfill, a toxic waste dump that must be cleaned up. Ethical questions arise, with respect to the clean up, because a. everyone knows the cost. b. no one knows the cost. c. only Gabe knows the cost. d. only the Environmental Protection Agency knows the cost. B PAGE: 954 TYPE: = NAT: AACSB Reflective AICPA Legal

[Show More]

Last updated: 3 years ago

Preview 1 out of 4 pages

Buy Now

Instant download