Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Read the following passage and answer the question.

Sonam started a telecom company in New Delhi. His big goal was to connect with 90% of the people in India within a year. He believed that the need for internet services would increase a lot in the next 5 years. To make his ambitious plan work, he had to decide whether to buy an existing telecom business, team up with others, or compete on his own, dealing with strong competition. To make the right choice, he looked at proposals from different companies. He compared things like how much money they make, their taxes, and the dividends they pay. He also looked at their future plans, knowing that these could change if the country's economic policies shift.

Which type of plan is discussed in the line- 

'His big goal was to connect with 90% of the people in India within a year?'

Options:

Standing plan

Single-use plan

Both of these

None of these

Correct Answer:

None of these

Explanation:

The correct answer is option 4- None of these.

The line “His big goal was to connect with 90% of the people in India within a year” is referring to an objective of the organisation. Objectives are the goals that management wants to achieve and they provide direction for planning and decision-making. However, objectives are not classified as either standing plans or single-use plans.

Option (1) Standing plan – Incorrect. Standing plans are plans that are used repeatedly over time for recurring situations. These include policies, procedures, methods, and rules. The given line does not describe any repeated course of action, so it is not a standing plan.

Option (2) Single-use planIncorrect. Single-use plans are prepared for one specific purpose or event and are used only once. Examples include programmes, budgets, and projects. Although the statement mentions a target to be achieved within a year, it is still describing the company’s objective, not a specific programme or budget.