Answer: Volkswagen Emission scandal
Explanation: The Supervisory Board should be “responsible for monitoring the Management and approving important corporate decisions , however “investors and governance experts say the emissions scandal shows that it lacks the independence and authority to do this” .
1nternal Controls
Many officials at Volkswagen were unaware of any wrongdoing, although this suggests the company can be salvaged and there are people at the top that can help turn this back around. It does also highlight the need for serious improvement in terms of the firm's internal controls. For issues on a scale as large as this, there should be a sound whistle blowing system in place to alert the correct people of such instances, so action can be taken before any issue further escalates
Answer:
B) Federal Sentencing Guidelines for Organizations Act.
Explanation:
The Federal Sentencing Guidelines for Organizations Act (FSGO) was passed on November, 1991, and it provides a guideline for organizations' compliance and ethics programs. It applies to virtually all types of private organizations, including corporations, partnerships, non-profits, labor unions, etc.
Answer:
$1,600
Explanation:
Calculation for the adjusted balance for Prepaid Insurance at December 31, 2017
Based on the information given we were told that the company Prepaid Insurance account had a balance of the amount of $2,800 in which the of $1,200 of the Prepaid Insurance had expired this means that the correct adjusted balance for Prepaid Insurance at December 2017 will be calculated as:
Prepaid Insurance balance $2,800
Less Expired Prepaid insurance $1,200
Adjusted balance of prepaid insurance$1,600
Therefore the correct adjusted balance for Prepaid Insurance at December 2017 will be $1,600
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Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.
Explanation: Crisis Stage; at this stage decline is still reversible if the
organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.