Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Which of the following is neither single use plan nor standing plan?

A. Policy
B. Budget
C. Rule
D. Strategy
E. Method
F. Procedure
G. Objective

Choose the correct answer from the option given below.

Options:

C and G only

B, C and D only

B and E only

D and G only

Correct Answer:

D and G only

Explanation:

The correct answer is option 4 i.e. D and G only.

There are other types of plans which usually are not classified as single use or standing plans. A strategy, for example, is part of strategic planning or management. It is a general plan prepared by top management outlining resource allocation, priorities and takes into consideration the business environment and competition. Objectives are usually set by the top management and serve as a guide for overall planning. Each unit then formulates their own objectives keeping in view the overall organisational goals.

OTHER OPTIONS ARE SINGLE USE PLAN & STANDING PLAN.

* Single use plans include budgets, programmes and projects.

* Standing plans include policies, procedures, methods and rules.