Match List I with List II.
| List I (Type of Plan) |
List II (Meaning) |
| A. Objectives | I. Specific statements that inform what is to be done |
| B. Policy | II. Broad contours of an organization's business |
| C. Strategy | III. Ends that the management seeks to achieve |
| D. Rule | IV. Provides a basis for interpreting the strategy |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A-III, B-IV, C-II, D-I
A. Objectives — this matches III. Ends that the management seeks to achieve. Objectives are the ends which the management seeks to achieve by its work. They are the end result of all activities.
B. Policy — this matches IV. Provides a basis for interpreting the strategy. Policies are general statements that guide thinking. They provide a basis for interpreting strategy.
C. Strategy — this matches II. Broad contours of an organization’s business. A strategy gives the broad outline of the business and its direction in the long run. It is a full plan for reaching the objectives.
D. Rule — this matches I. Specific statements that inform what is to be done. Rules allow no flexibility. They say clearly what must or must not be done.
NCERT (2026-27 Edition): “Objectives The first step in planning is setting objectives. Objectives, therefore, 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. …” “Strategy A strategy provides the broad contours of an organisation’s business. It will also refer to future decisions defining the organisations direction and scope in the long run. Thus, we can say a strategy is a comprehensive plan for accomplishing an organisation objectives. …” “Policy 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. …” “Rule Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be taken. …” |