A Planning-Based Acquisition Process Consists of Both a Business Plan

question 93

True/False

A planning-based acquisition process consists of both a business plan and acquisition plan,which drive all subsequent phases of the acquisition process.

---

Definitions:

Defective Incorporation

A situation where errors or omissions occur during the incorporation process of a company, potentially affecting its legal status or liability.

Involuntary Dissolution

The legal termination of a corporation's existence without the consent of the corporation, often initiated by a government authority.

Personally Liable

A situation where an individual is responsible for a debt or obligation from their own assets, rather than the liability being limited to business or corporate assets.

Public Corporation

A company whose shares are traded freely on a stock exchange or markets, owned by public shareholders, and subjected to regulatory reporting requirements.