Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Which of the following plan reflect a managerial decision that a certain action must or must not be taken?

Options:

Method

Budget

Rule

Procedure

Correct Answer:

Rule

Explanation:

The correct answer is option 3- 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. They are usually the simplest type of plans because there is no compromise or change unless a policy decision is taken.