A Board Member Who Is a Founder, Employee, or Retired

question 37

Multiple Choice

A board member who is a founder, employee, or retired manager of the firm is a/an ____.

• A)inside board member
• B)outside board member
• C)personal advisor
• D)officer
• E)chair of the board

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Definitions:

Customized Equipment

Machinery or tools designed and built to meet the specific requirements of a particular user.

Independent Dealer

A dealer in securities or other goods who operates independently, not being affiliated with larger institutions or networks.

Unsatisfactory

Not meeting expectations or requirements; inadequate.

Power Of Attorney

A legal document usually signed under seal in which a person appoints another to act as his or her attorney to carry out the contractual or legal acts specified in the document.