Internal and external corporate governance provisions and activities can take many forms, including a hostile takeover. Which of the following best describes this situation? This situation involves acquiring a target company without reaching a pre-purchase agreement with the target firm's management. In this situation, there is animosity between the firm's board of directors and its senior management, resulting in the board wanting to take over the daily operations of the firm. This activity involves acquiring a target company after reaching a pre-purchase agreement with the target firm's management