Question

A(n) ________ is a panel of experts who are asked by a firm's managers to provide counsel and advice on an ongoing basis. Group of answer choices suggestion panel counseling panel advisory board consultation board idea panel

Answer 1

Answer:advisory board

Explanation:

Definition of advisory board: This is a group of people who are chosen to provide advice so they can help the businesses through various situation that the business deal with in their operations such as sales,finances,marketing etc.

It doesn't vote on corporate matters but it provides the company with advices on such matters.

They help the business people manage their business issues in a smart and proficient way. They are not usually hired officially to do so, their work is done informally which means the business may still have to hire legal people or market expert or an HR expert . The advisory board is commonly not paid to do what they do because they also benefits from helping the business though acquiring new ideas and perspectives that can broaden their scope of work.