'Earning a reasonable 20% return on investment'.

Identify the type of plan highlighted in above said statement.

Objective

The correct answer is option (1)- Objective.

The statement "Earning a reasonable 20% return on investment" represents an Objective.

In this context, it outlines a specific financial goal or target (a 20% return on investment) that an individual or organization aims to achieve.

Objectives - Objectives can be said to be the desired future position that the management would like to reach. Objectives are very basic to the organisation and they are defined as ends which the management seeks to achieve by its operations. Therefore, an objective simply stated is what you would like to achieve, i.e., the end result of activities.