Val IT Distinguishes Among Several Main Categories of Firm Initiatives

question 38

Multiple Choice

Val IT distinguishes among several main categories of firm initiatives.Which of the following is not one of those categories?

• A)Portfolios.
• B)Programs.
• C)Plans.
• D)Projects.

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Definitions:

Transfer of Shares

The process of moving ownership of shares from one party to another, either through sale, gift, or inheritance, commonly documented by a stock transfer form.

De Facto Corporation

A business entity that operates like a corporation but without legal incorporation status, often recognized by courts for liability purposes.

Defective Incorporation

A legal term referring to the situation where a company has been incorrectly or incompletely formed, potentially affecting its legal status and liabilities.

Personal Liability

The legal responsibility of an individual to settle debts or damages out of their own assets.