Similar to a board of directors, an advisory board possesses legal responsibility for the firm.

Name: Similar to a board of directors, an advisory board possesses legal responsibility for the firm.
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Question

Quizplus · Accepted Answer

An advisory board does not possess legal responsibility for the firm. They provide advice and guidance to the organization, but the final decision-making authority rests with the owners or board of directors.

Similar to a Board of Directors, an Advisory Board Possesses