An advisory board
A) has legally binding duties to the business.
B) provides legally binding advice.
C) is a panel of experts that offers counsel to an entrepreneur.
D) is only used in large corporations.

Question

Quizplus · Accepted Answer

An advisory board is a panel of experts who provide counsel to an entrepreneur or a company. They do not have legally binding duties or provide legally binding advice. While large corporations may use advisory boards, they are not exclusive to them and can be utilized by small businesses as well.

An Advisory Board