A Significant Difference Between a Board of Directors and an Advisory

question 43

Multiple Choice

A significant difference between a board of directors and an advisory board is:

• A)the advisory board has unlimited liability for the actions of the corporation.
• B)the advisory board is made up only of insiders.
• C)the advisory board is required to meet quarterly,not annually.
• D)the advisory board has no legal authority over the owner or the company.

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Definitions:

Terminating Decimal

A numerical value expressed in the decimal system with a limited number of digits following the decimal point.

Five-Figure Accuracy

Precision to five significant digits in a numerical value or measurement.

Terminating Decimal

A decimal featuring a specific, countable number of digits beyond the decimal point.

Five-Figure Accuracy

The precision or exactness of a numerical value up to five digits.