Question: 1. Access Nokia's Website (www.nokia.com/about-nokia) and select "Corporate Governance" and then select "Overview." Read the section dealing with the responsibilities of its board of directors.
Required: 1. Identify the responsibilities of Nokia's board of directors.
2. How would management accountants be involved in assisting the board of directors in carrying out their responsibilities? Explain.
3. Why does a manufacturing company require three different inventory categories?