'5% of jobs in ABC Ltd is reserved for handicapped person in every department of the company.'

Which plan is indicated in above example?

Policy

The correct answer is option 2- policy.

The highlighted plan in the given example corresponds to a "policy." The reservation for handicapped person is specific policy of a company.

Policies are general statements that guide thinking or channelise energies towards a particular direction. Policies provide a basis for interpreting strategy which is usually stated in general terms They are guides to managerial action and decisions in the implementation of strategy.