Certification Exam: AdvaMed Code of Ethics

Question 1 of 10

What does the "Sunshine Act" (Open Payments) require companies to do?

A) Install solar panels B) Publicly report all financial "Transfers of Value" made to HCPs C) Provide free electricity to hospitals D) Give a 10% discount to all doctors

Question 2 of 10

Which department should approve all charitable donations in a world-class company?

A) The CEO only B) The Marketing Manager C) The Compliance or Legal Department D) The Sales Team

Question 3 of 10

What is "Quid Pro Quo" in the context of AdvaMed?

A) An improper exchange of "this for that" (e.g., a donation in exchange for a sale) B) A standard of excellence C) A type of medical device D) A legal term for a contract

Question 4 of 10

What is the core philosophy of the 2026 AdvaMed Code?

A) Patient-Centricity: Decisions must be in the best interest of the patient B) Avoiding all contact with doctors C) Lowering production costs D) Maximizing sales volume

Question 5 of 10

In 2026, what is the policy regarding "Trinkets" like pens or mugs?

A) They are allowed if under $10 B) They are strictly prohibited C) They are allowed if they have the logo D) Only allowed for nurse stations

Question 6 of 10

In 2026, can a company pay an HCP for "passive attendance" at a meeting?

A) No, every dollar paid must correspond to a documented "Work Product" B) Only if they are a key customer C) Yes, for educational purposes D) Yes, if it's a long meeting

Question 7 of 10

How long is a "reasonable" evaluation period for capital equipment?

A) Indefinitely B) One year C) As long as the hospital wants it D) Typically 30 to 90 days with a written agreement

Question 8 of 10

In 2026, are Nurse Practitioners (NPs) and PAs included in Sunshine Act reporting?

A) No, only doctors B) Yes, they are now fully included in the reporting requirements C) Only if they work in surgery D) Only in certain states

Question 9 of 10

What is "Fair Market Value" (FMV) in a consulting arrangement?

A) Paying whatever the doctor asks for B) A percentage of the sales the doctor generates C) Free products in exchange for work D) Compensation based on localized, data-driven benchmarks for expertise, not sales volume

Question 10 of 10

Who is responsible for the ethical conduct of a "Channel Partner" (distributor)?

A) The government B) The parent Medical Technology company is legally and ethically liable C) Only the distributor D) No one is responsible