MAN 3063 - Prescribing an Ethical Approach Actual Questions and Answers|2025 Update|100% Correct

Derek finds the financial forecast of Mindzecor to be concerning. He then shows projections that include three other types of drugs, what they've currently spent on R&D, and what they would expect to spend on R&D once it's done. There is also the expected profit for each drug. He clarifies how Memaretine is Mindzecor. - ️️Profitability vs. R&D Expense Bildenafil (Cosmetic) Total R&D Expense (current + forecast): 8,800,000,000 R&D Expense (current): 5,910,000,000 Profit (forecast): 15,000,000,000 Proxymanifax (Erectile Dysfunction) Total R&D Expense (current + forecast): 7,200,000,000 R&D Expense (current): 4,800,000,000 Profit (forecast): 2,100,000,000 Memaretine (Neurological Disease) Total R&D Expense (current + forecast): 3,510,000,000 R&D Expense (current): 3,290,000,000 Profit (forecast): 3,450,000,000 Derocodine (Painkiller) Total R&D Expense (current + forecast): 7,900,000,000 R&D Expense (current): 4,100,000,000 Profit (forecast): 8,700,000,000 Based on the given information, Derek suggests that they stop funding Mindzecor and focus on more profitable projects. Chloe, however, has concerns as there are thousands of individuals who die from neurological diseases, something that Mindzecor can cure. There are four types of ethical approaches that you can take: - ️️Ethical Egoism (Individualistic) The normative theory that they promotion of one's good is in accordance with morality. In it's strong version, it is held that it is always moral to promote one's own good, and it is never moral not to promote it. CompulsoryIts centre on legislation, such as Acts of Parliament, and their supporting regulations. These are usually written by a recognized legislature (e.g. elected government) or those working under their authority (e.g. government appointed regulatory bodies). Universalism (Individual Rights or Moral Rights) It implies that it is possible to apply generalized norms, values, or concepts to all people and cultures, regardless of the contexts in which they are located. Utlitarian It assesses an action in terms of its conseqences or otcomes, such as the net benefits and costs to all stakeholders on an individual level. It strives to acheive the greatest good for the greatest number while creating the least amount of harm or preventing the greatest amount of sufferin