Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Which one of these is not a Standing Plan?

Options:

Objective

Policy

Rule

Method

Correct Answer:

Objective

Explanation:

The correct answer is Option (1) → Objective

The term "Standing Plan" refers to a type of plan that is designed to be used repeatedly to handle recurring situations. Standing plans are generally used for policies, procedures, and rules that guide the decision-making process within an organization.

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.