BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Single use plan
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Standing Plan
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Detailed explanation-1: -Single-Use Plans, as the name suggests are the plans which are used only once, as these are developed to attain a specific goal, be it the accomplishment of an event, activity or project. Hence, they are designed in such a way that the needs of the unique situation are met effectively.
Detailed explanation-2: -Single-Use Plan Such single-use plans cannot be used repeatedly since they become useless after they have achieved their objective. Some examples are budgets, programmes, project reports, etc.
Detailed explanation-3: -Managers generally use three types of single-use plans: programs, projects, and budgets.
Detailed explanation-4: -Standing Plans are plans which are made for activities or events which occur regularly. Single-Use Plans are plans which are made for activities or events which do not occur regularly. Such activities are non-repetitive in nature.
Detailed explanation-5: -Correct option is (b) Policies.