GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rules
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Objectives and policies
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Procedures and methods
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All of the above
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Detailed explanation-1: -Standing plans are made to be used time and again. These plans are formulated to guide managerial decisions and actions on problems which are recurring in nature. Standing plans are also called ‘repeated use’ plans because these provide guidelines for actions to be taken in future.
Detailed explanation-2: -the primary standing plans are organisational policies, rules and procedures.
Detailed explanation-3: -There are three kinds of standing plans: policies, procedures, and rules and regulations.
Detailed explanation-4: -Objective. It is a long-term plan. Strategy. The plan which answers the following questions is known as strategy: Policy. Procedure. Rules (Do’s or Don’t) Programmes. Method (Way, it is a standing plan) Budget. 25-Oct-2021
Detailed explanation-5: -Operational Planning. “Operational plans are about how things need to happen, ‘’ motivational leadership speaker Mack Story said at LinkedIn. Strategic Planning. “Strategic plans are all about why things need to happen, ‘’ Story said. Tactical Planning. Contingency Planning. 07-Jul-2017