'In case the debts are not paid within a month, interest at a 12% rate will be levied.'

To what element of planning does this saying point out?

Rule

The correct answer is option 1- rule.

'In case the debts are not paid within a month, interest at a 12% rate will be levied.'- It is a rule. The idea is that if debts aren't paid within a month, interest will be charged—a clear and specific guideline. So, in this case, it points towards the element of planning that involves rules.

Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be taken. They are usually the simplest type of plans because there is no compromise or change unless a policy decision is taken.