A board of advisers is different from a board of directors because it ________.

Question

Quizplus · Accepted Answer

A board of advisers is a group of external experts who provide advice and guidance to a company's management team. They are not elected by shareholders and do not have any legal authority over the firm. On the other hand, a board of directors is responsible for making key decisions and overseeing the management team. They are elected by shareholders and have legal authority over the firm. Therefore, choice C is the correct answer.

A Board of Advisers Is Different from a Board of Directors