Describe the Various Functions of a Board of Directors

question 61

Essay

Describe the various functions of a board of directors.

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Definitions:

Departmental Budget

A financial plan that outlines the projected income and expenses for a specific department within an organization over a set period of time.

Technical Skill

The specific knowledge and expertise required to perform particular tasks or use certain tools and technologies effectively.

Communicative Skill

The ability to convey information effectively and efficiently through verbal, non-verbal, written, and visual means.

Human Skill

The ability to work effectively with others, including communication, empathy, and management of relationships.