The Compensation Paid to Board Members

question 16

Multiple Choice

The compensation paid to board members

• A) varies from no pay to $10,000 per meeting.
• B) may include a percentage of the profits.
• C) is typically the primary motivation for someone agreeing to be a member.
• D) typically includes directors and officers liability insurance.

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Definitions:

Travellers' Cheques

Preprinted, fixed-amount cheques used by travellers to safely carry and spend money abroad.

Canadian Dollar

The official currency of Canada, often symbolized as CAD or denoted by the dollar sign '$' with a distinguishing C to indicate Canadian currency.

All-Inclusive Package

A package deal, often offered by resorts and tour operators, that includes all related costs like accommodation, meals, and services in one price.

Travel Agent

A professional who arranges travel plans and accommodations for clients.