When board members are asked why they would invest the required time and effort in another firm's success, they often respond that it is because of the ________ component.
A) prestige
B) social
C) learning
D) financial

Question

Quizplus · Accepted Answer

Board members often see serving on the board of another firm as an opportunity to learn new skills, gain exposure to different industries, and expand their network. This learning component can ultimately benefit their own careers and future opportunities. While prestige and social factors may also play a role, the primary motivation is often driven by the potential for personal and professional growth. Financial factors may be a consideration, but are not typically the main motivator for serving on another firm's board.

When Board Members Are Asked Why They Would Invest the Required