The Olympus Case Was Unique from a Corporate Governance Perspective

question 77

Multiple Choice

The Olympus case was unique from a corporate governance perspective because it deals with:

• A) A board of directors that was completely under the influence of the CEO
• B) Cultural differences between Japanese management and western style of management
• C) Cultural differences between U.S. and non-U.S. companies
• D) A company that consistently overrides its internal controls and commits fraud

---

Definitions:

2/10

A common trade credit term indicating a 2% discount if payment is made within 10 days; otherwise, the full amount is due in 30 days.

Net 30 Day Credit

A payment term indicating that the full payment is due within 30 days from the invoice date.

External Financing

External financing involves acquiring capital from outside sources to fund business operations and investments, such as through loans, issuing equity, or other forms of financial support from outside the company.

Total Production Costs

The combined costs of materials, labor, and overhead incurred in producing goods.