A Business Plan That Is Updated Every Year Depending on the Changes

question 87

True/False

A business plan that is updated every year depending on the changes in an organization and in the external environment that have taken place in the previous year is known as a standing plan.

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Definitions:

Mutual Funds

Shareholder-funded investment platforms which engage in trading within diversified portfolios under professional management.

Lock-up Restrictions

Contractual limitations on the sale of securities, typically imposed on company insiders following an initial public offering.

Less Liquid

A term describing an asset that cannot be quickly sold or converted into cash without significant loss of value.

More Liquid

Describes an asset or market that allows for assets to be bought or sold quickly without significantly affecting the asset's price.