Corporate governance failures at Volkswagen included all of the following except
A. inadequate monitoring of the CEO and other senior executives.
B. unwillingness of the board of directors to accept any responsibility for the allowing use of "defeat devices" on at least 11 million vehicles with diesel engines.
C. a unique ownership structure where a single family, Porsche, controlled more than 50 percent of voting shares.
D. elevating management to the supervisory board even though they had presided over past scandals.
E. a strong independent board of directors that was responsible for making independent judgments about the validity and wisdom of management's proposed strategic actions.
Answer: E
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"Product-service bundling" refers to a company building service activities into its product offerings for its customers.
Answer the following statement true (T) or false (F)
Explain how a voucher payable system works. How is the balance of AP determined?
Assume that on December 1, a note which has a face value of $9,000, bears interest at 9 percent for 120 days, received from a customer as an extension of his of past – due account is dishonored. The entry that would be made to record the dishonor (ignoring interest) is:
a. Notes receivable 9,000 Cash 9,000 b. Accounts receivable 9,000 Cash 9,000 c. Accounts receivable 9,000 Notes receivable 9,000 d. Cash 9,000 Accounts Receivable 9,000
If a negative act of high moral intensity occurs in a business, which of the following is most likely to happen?
a. The company will face legal consequences, and employees of high moral intensity will be most upset. b. The company will face relatively low societal outrage, and those employees of low moral quality will react strongly. c. The public will experience strong moral outrage, but the company’s employees will be largely unaffected emotionally. d. The public will have almost no moral outrage, but the company’s employees will be very emotionally affected.