(T/F) it strategic planning is an ad hoc process for determining what a business should become and how to invest in it.

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Ad hoc processes are used in IT strategic planning to decide what a company should become and how to spend in IT. These IT strategies—in-house, onshore or domestic sourcing, outsourcing, cloud computing, and SaaS—are combined by organizations.

A corporation, frequently abbreviated as "co.," is a legal designation for a collection of individuals with a shared objective who may be either natural, legal, or a combination of the two. The company's employees cooperate for a common goal in order to achieve clearly defined objectives. Nonprofit organizations, nonprofit associations, for-profit enterprises, financial institutions, banks, programs, and educational institutions are just a few examples of the many various forms that companies can take. A company may be incorporated as  legal entity so that the company itself has limited responsibility as members fulfill or fail to fulfill their obligations in accordance with the publicly announced incorporation, or published policy. After a business has closed, it could be essential to liquidate it in order to pay off any outstanding debts.

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