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CSEET · Business Laws and Management · Functions of Management

Which of the following best describes the distinguishing feature of a 'standing plan' as opposed to a 'single-use plan' in management?

A standing plan is made for recurring situations and is used repeatedly over a long period, for example policies, procedures and rules. A single-use plan, by contrast, is meant for a one-time project or programme and is discarded once the objective is achieved.

  1. AIt is prepared for a one-time project and discarded after completion
  2. BIt is formulated for recurring situations and used repeatedly over timeCorrect
  3. CIt deals only with financial forecasts for the next quarter
  4. DIt is prepared only by the top management and never changed

Explanation

Standing plans such as policies, procedures and rules are framed for situations that recur, so they are used again and again. Single-use plans such as programmes, projects and budgets are made for a specific purpose and lapse after it is achieved. The first option describes single-use plans, so it is wrong.

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