An Advisory Board Differs from a Corporate Board of Directors,because

question 48

Multiple Choice

An advisory board differs from a corporate board of directors,because ________.

• A) an advisory board has legal responsibilities
• B) you don't have to incorporate to establish an advisory board
• C) you usually require high amounts of financial compensation to consult an advisory board
• D) members of an advisory board lack subject-area expertise
• E) advisors are required to obtain certification from SBA

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Definitions:

Purchase Allowances

Reductions in the price paid by a buyer to a seller, due to minor defects or quality issues with the goods provided.

Price Reduction

A decrease in the selling price of products or services, often to drive sales or clear inventory.

Prompt Payment

A financial discipline that involves settling debts quickly, often rewarded by suppliers with discounts.

Purchase Returns

Transactions where buyers return previously purchased merchandise to the seller, often because of defects or errors in the shipment.