Intro to Theatre Arts Management Final

The actions of the board of directors of an organization with respect to establishing and monitoring the long-term direction of that organization is

• management

• fiduciary duty

• governance

• commission

The governing body of a corporation

• board of directors

• committee

• leadership

• management

A group of individuals without voting rights who advise a board of directors on their areas of experience

• advisory board

• auxiliary board

• honorary board

• ex-oficio board

A group with non-voting rights that perform a function (usually fundraising) for a not-for-profit organization

• board of directors

• auxiliary board

• advisory board

• honorary board

An honorary title given to a person who has retired from regular service but retains the title of that office

• ex officio

• emeritus

• retired

• former

"By virtue of office or position." A member of a governing board who serves on the board because of a particular position they hold.

• ex-officio

• emeritus

• honorary

• virtuoso

The legal responsibility to act wisely on behalf of the organization

• social contract

• fiduciary duty

• honorific duty

• liability

Which of the following is not one of the three duties of fiduciary responsibilities

• Duty of care

• Duty of loyalty

• Duty of obedience

• Duty of interest

Condition that exists when the personal interest of a member of the board or staff differs from their obligation to the organization is called a conflict of 

• care

• loyalty

• obedience

• interest

A year as reckoned for tax or accounting purposes

• annual budget

• calendar year

• fiscal year

• annual calendar