3. Study Illustration Capsule 2.4: Corporate Governance Failures at Volkswagen on page 40 of our textbook and answer the following questions: (a) Based on the information provided, describe the ways in which Volkswagen did not fulfill the requirements of effective corporate governance.
(b) In what ways did the Board of Directors sidestep its obligations to protect shareholder interests?
(c) How could Volkswagen better select its Board of Directors to avoid mistakes such as the emissions scandal in 2015?

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:

Decision alternatives should be identified before decision criteria are established. are limited to quantitative solutions are evaluated as a part of the problem definition stage. are best generated by brain-storming.

Review the key ethical and social issues over the last five decades and place each on the timeline in chronological order. note that once you complete this part of the question, you will be unable to adjust your answers.