A Ltd. plans to earn a 20% return on its investment in a new project. Identify the type of plan being described in the above lines.

Objective

The correct answer is option 4 i.e. objective.

The statement is describing an objective. A Ltd. plans to earn a 20% return on its investment in a new project, which represents a specific financial goal. Therefore, the type of plan being described is an objective.

Every organisation must have certain objectives. Objectives may be set for the entire organisation and each department or unit within the organisation. Objectives or goals specify what the organisation wants to achieve. It could mean an increase in sales by 20% which could be objective of the entire organisation.