Question

In: Economics

Roberta is president of a pharmaceutical company which is based in the U.S., but has a...

Roberta is president of a pharmaceutical company which is based in the U.S., but has a substantial amount of sales in other countries. Roberta's company manufactures drugs prescribed to those infected with HIV and other illnesses. She is informed by missionary workers that millions of people in Africa have HIV and many have died. She receives a request to provide medication to certain locations in Africa free of charge. In addition, Roberta has been asked by a group in the U.S. to provide medication free of charge to HIV positive individuals within the U.S. and to donate other drugs her company makes for the treatment of other illnesses. Roberta, in good faith and based on a good review of the company's financial position, believes that the company can afford to donate some supplies, but not in the quantities requested by both foreign and U.S. concerns. What do you believe is the ethical thing for Roberta to do under the circumstances?

Solutions

Expert Solution

ANSWER -

According to me, Roberta should have a free supply of HIV medicines in Africa, as I read in this passage, the situation in Africa is more serious about HIV and furthermore Africa comes in the list of underdeveloped countries so it lacks technical resources if If he does not get help, then his condition will get worse.

On the other hand, the U.S. As a developing nation has enough resources, it also has enough resources in the medical field, it can spend some part of its GDP on it.

Since Roberta's company does not have much budget to distribute free medicines,it should distribute medicines in Africa in this situation.


Related Solutions

Question 3 (Total 6 marks) Biogen Pharmaceutical Ltd is a large pharmaceutical company based in Australia....
Question 3 (Total 6 marks) Biogen Pharmaceutical Ltd is a large pharmaceutical company based in Australia. During the year ending 30 June 2020, Biogen Pharmaceutical Ltd purchased two electronic databases containing scientific data related to respiratory drugs. Database A was acquired for $1,000,000 and contains data that is copyright protected. Database B was acquired for $800,000 and contains data that is not copyright protected. Required (a) Explain whether Database A and Database B satisfy: (i) The definition of an intangible...
Burton Co., based in the U.S., considers a project in which it has an initial outlay...
Burton Co., based in the U.S., considers a project in which it has an initial outlay of $2 million and expects to receive 6 million Swiss francs (SF) in one year. The spot rate of the franc is $.90. Burton Co. decides to purchase put options on Swiss francs with an exercise price of $.88 and a premium of $.02 per unit to hedge its receivables. It has a required rate of return of 18 percent. a. Determine the net...
Headquartered in the U.S., Merck is a leading multinational pharmaceutical company that does business in more...
Headquartered in the U.S., Merck is a leading multinational pharmaceutical company that does business in more than 100 courtiers. More than 50 per cent of its sales are made abroad and foreign sales are billed in local currencies. Merck spends large sums of money on research and development which is critical or enhances its competitive strength. A major concern for the management is that unexpected foreign exchange losses could curtail its research and development outlays which are essential for its...
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an...
A foreign subsidiary of a U.S.-based company has been notified of a loss contingency with an estimated cost ranging between $220,000 and $250,000 which is probable of resulting in an actual loss. Each dollar amount within this range of cost is equally likely of being the actual outcome. According to IFRS, what is the amount recognized as a provision for loss contingency? Multiple Choice No amount will be recorded but an amount will be disclosed in the notes to the...
A U.S. based firm has a receivable of Norwegian krone (NKr) of NKr 22,356,322, which will...
A U.S. based firm has a receivable of Norwegian krone (NKr) of NKr 22,356,322, which will be received 110 days from today. (a) The firm-specific interest rate for borrowing NKr is 4%, and the firm can invest dollars internally at a rate of return of 12%. The spot exchange rate is 7.5 NKr/$. Calculate the amount of dollars received with a money market hedge. (b) Suppose the firm is also considering using a forward contract. The market rate of interest...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2019, the subsidiary had the following balance sheet (amounts are in thousands [000s]): Cash NGN 16,780 Notes payable NGN 20,360 Inventory 11,800 Common stock 22,200 Land 4,180 Retained earnings 11,100 Building 41,800 Accumulated depreciation (20,900 ) NGN 53,660 NGN 53,660 The subsidiary acquired the inventory on August 1, 2019, and the land and building in 2013. It issued...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2016, the subsidiary had the following balance sheet (amounts are in thousands (000's)): Cash NGN 16,400 Notes payable NGN 20,200 Inventory 11,000 Common stock 21,200 Land 4,100 Retained earnings 10,600 Building 41,000 Accumulated depreciation (20,500 ) NGN 52,000 NGN 52,000 The subsidiary acquired the inventory on August 1, 2016, and the land and building in 2010. It issued...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2016, the subsidiary had the following balance sheet (amounts are in thousands (000's)): Cash NGN 15,780 Notes payable NGN 20,040 Inventory 10,200 Common stock 20,040 Land 4,020 Retained earnings 10,020 Building 40,200 Accumulated depreciation (20,100 ) NGN 50,100 NGN 50,100 The subsidiary acquired the inventory on August 1, 2016, and the land and building in 2010. It issued...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2016, the subsidiary had the following balance sheet (amounts are in thousands (000's)): Cash NGN 16,400 Notes payable NGN 20,200 Inventory 11,000 Common stock 21,200 Land 4,100 Retained earnings 10,600 Building 41,000 Accumulated depreciation (20,500 ) NGN 52,000 NGN 52,000 The subsidiary acquired the inventory on August 1, 2016, and the land and building in 2010. It issued...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is...
Rolfe Company (a U.S.-based company) has a subsidiary in Nigeria where the local currency unit is the naira (NGN). On December 31, 2016, the subsidiary had the following balance sheet (amounts are in thousands (000's)): Cash NGN 16,840 Notes payable NGN 20,480 Inventory 12,400 Common stock 22,800 Land 4,240 Retained earnings 11,400 Building 42,400 Accumulated depreciation (21,200 ) NGN 54,680 NGN 54,680 The subsidiary acquired the inventory on August 1, 2016, and the land and building in 2010. It issued...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT