Question: Based on the following conversation, please choose the correct answer. Narrator - Greetings, Tifa. I'll be your narrator or guide, for this activity. As the
Based on the following conversation, please choose the correct answer.
Narrator - Greetings, Tifa. I'll be your narrator or guide, for this activity. As the CEO, you're now going to meet with some members of Medi-Pharma's senior leadership team. Chloe is your chief medical officer and Derek is your chief financial officer.
Chloe - Hi Tifa, great to see you.
Derek- Yes, Tifa. Glad we can discuss Mindzecor today.
Me - Hi Chloe and Derek. Good to see you as well. Let's chat about this proposed new pharmaceutical drug.
Chloe - Great. So first, please take a look at our trial success rates for Mindzecor. As you can see, we seem to not be getting the performance we want.
Derek - What type of success rate do our other drugs have?
Chloe - Good question, Derek. Here is a chart of how Mindzecor compares to the average success rate of our other drugs.
Derek - Wow! That's not good. Other drug trials seem to be faring much better.
Derek - What's also concerning is our financial forecast for Mindzecor. Take a look at these projections. They include three other types of drugs, what we've currently spent on R&D, and what we expect to spend on R&D once all is said and done. You'll also notice our expected profit for each drug. Naing Aung, just to clarify, Memaretine is Mindzecor.
Derek - Based on this information, I suggest we stop funding R&D for Mindzecor and focus on more profitable projects.
Chloe - Hmmm, I have concerns with that. There are thousands of individuals who die from neurological diseases, something Mindzecor can cure. We seem to have an ethical dilemma on our hands!
Narrator - Tifa, based on the information presented to you, and what your team is saying, which ethical approach would you like to take?
Me - Ethical egoism (individualistic)
Narrator - Okay. Let's see what happens
Me - Well team, let's utilize an ethical egoism (individualistic) approach.
Derek - And what does that mean? (Choose one answer)
- It means we try and achieve the greatest good for the greatest number of people.
- It means we try an approach that focuses on fundamental human rights.
- It means we try an approach that puts our own self-interest first
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