Question

Determine whether each of the proposed ideas is in clear violation (Violation) is clearly in compliance with (No Violation), or may be in violation with (Potential Violation) the "Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management Violation? a. Proposed Idea Stop all research and development efforts on the drug Vacon until after year and this change would delay the drug going to market by at least 6 months. It is possible that in the meantime a BrisCor competitor could make it to market with a similar drug

Answer 1

The Company BrisCor is adhering to the regulatory guidelines of pharmaceutical industry by withholding the research and development upon order of the new drug Vyacon even when they had a first mover lead in the industry. In the meantime if a competitor of BrisCor manages to lobby the policymakers and regulators, The proposed idea may be in violation with (Potential Violation) the " Standards of Ethical Behavior for Practitioners of Management Accounting and Financial Management". Since it indicates unfair trade and business practice.,this violation is subject to condition of a future possibility which is uncertain, so we may call it a potentiality or possibility.

Therefore here the answer is "Potential Violation".