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This is a 5 page paper that provides an overview of corporate social responsibility. A number of discussion questions are answered in detail. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: KW60_KFbiz108.doc
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facilitate their ability to organize, receive, and transmit information more quickly and accurately, thereby providing a direct benefit to patients? [150 words; 20 points] The professional ethics established
by the American Medical Association prevent physicians from accepting cash or payment for travel or services from pharmaceutical or medical supply organizations because of the belief that doing so will
create a significant conflict of interest for the physician, who may then feel compelled to provide favorable reviews of a drug or product being marketed by his or her benefactor
(Harris, 2008). This same standard applies to the receipt of goods such as electronic goods, regardless of any potential utility they might have in benefiting patients, because of the extent
to which they "establish reciprocal relationships that can inject bias, distort decision-making and create the perception... that practitioners are being bought or bribed by industry" (Harris, 2008). In addition to
not accepting gifts, the ethical guidelines of the AMA also frown upon physicians participating in industry events where the primary purpose is to market a drug or device, for the
same reasons. Explain the Business Judgment Rule, how it works, and the role of demand futility. [250 words; 20 points] The business judgment rule is a
standard of case-law, as practiced in the United States, that sets clear boundaries on the ability of plaintiffs to bring lawsuits against the boards of directors of corporations. In order
to have a legitimate case, a judge must determine that a plaintiff in a case against a board of directors has a viable claim that the directors were acting against
the best interests of their fiduciary duties to stakeholders. As a precedent, this was established and reinforced in cases such as Aronson v. Lewis. However, a recent case, Zapata Corp.
...