Which of the Following Statements About Advisory Boards Is Incorrect

question 55

Multiple Choice

Which of the following statements about advisory boards is incorrect?

• A) The fact that a corporation has a board of directors does not preclude it from establishing one or more advisory boards.
• B) An advisory board can be established for general purposes or can be set up to address a specific issue or need.
• C) Similar to a board of directors, an advisory board has legal responsibility for the firm in certain areas.
• D) An advisory board is a panel of experts who are asked by a firm's managers to provide counsel and advice on an ongoing basis.
• E) A growing number of startups are forming advisory boards.

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Definitions:

Myocarditis

Inflammation of the heart muscle, which can affect the heart's electrical system and impair its ability to pump blood.

Congestive Heart Failure

A chronic condition where the heart doesn't pump blood as well as it should, leading to a buildup of fluid in the body.

Merkel Cell Polyomavirus

A virus that is associated with Merkel cell carcinoma, a rare and aggressive form of skin cancer.

Viral Carcinogen

A virus capable of causing cancer by altering the genetic materials of host cells.