Olympic athletes are tested to see if they are using illegal performance-enhancing drugs. suppose that urine samples are taken and analyzed and the rate of false positive results is 1%. suppose also that it is too expensive to refine the method to reduce the rate of false possible results. we do not want to accuse innocent people of using illegal drugs. what can you do to reduce the rate of false accusations even though the test always has a false positive rate of 1%. (select all that apply.)

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Match the steps for conducting an informational interview with the tasks in each step.

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