A Significant Difference Between a Board of Directors and an Advisory

question 137

Multiple Choice

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

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

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Definitions:

ECT

Electroconvulsive Therapy, a medical procedure where seizures are electrically induced in patients to provide relief from mental disorders.

Biomedical Therapy

Treatments for psychological disorders that involve medical or physiological interventions, such as medication or surgery.

Depression

A psychiatric condition manifested by a lasting low spirit or a detachment from hobbies, severely disrupting routine life.

Antidepressant Drugs

Medications prescribed to relieve symptoms of depression by adjusting the chemical balance of neurotransmitters in the brain.