Formal rulemaking is known as the "lifeblood of the administrative process."

Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement market in the Mid-West region. The Johnson family founded the company fifty years ago, but they now realize they need to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations. The company is now considering expanding operations by building another facility in Canada. The Board of Directors has approved this move. Which functional area will be responsible for securing the necessary funding for the expansion?

a. Marketing b. Accounting c. Finance

The corporation that is owned by the parent corporation in a share exchange is known as the surviving corporation

Indicate whether the statement is true or false