Final answer:
Acme is likely not at a moderate level in the project management maturity model due to the absence of standardized processes and a casual reporting approach. Hence, the given statement is false.
Step-by-step explanation:
The description of Acme's project meetings suggests a lack of formal project management processes and standardized reporting methods.
In the context of the generic project management maturity model, Acme would not be considered at a moderate level. The model typically defines the moderate level as a stage where some processes are standardized and consistently followed.
Acme's casual, unstructured approach to reporting progress indicates that they would likely be at a lower maturity level that precedes the moderate level, where processes are unrecognized and ad hoc.