Explain the difference between the structural and functional ...

[moongchi]

Question 1

Describe the difference between at-risk cars and those with a guaranteed repurchase program.
 
  What will be an ideal response?

Question 2

Explain the difference between the structural and functional dimensions of board governance.
 
  What will be an ideal response?

[Meganchabluk]

Answer 1

At-risk cars are purchased by car rental firms without any guarantee that the manufacturer will buy them back after a certain mileage threshold has been reached. These cars are generally disposed of at auction. Program cars are those subject to a guaranteed buy-back by the manufacturer.

Answer 2

Structural dimension:
Tangible aspects including makeup of the board, job descriptions, meeting schedules, bylaws, and code of conduct.

Functional dimension:
Consists of the way in which structural components are applied. It centers on board evaluation. How well is it functioning? How effective is it in light of changing conditions?

[moongchi]

Thanks for the timely response, appreciate it

[ryansturges]

YES! Correct, THANKS for helping me on my review