CBSE 2025, BS Set 1

Question

Which of the following are 'Standing Plans'?

(i) Budgets
(ii) Policies
(iii) Programmes
(iv) Procedures
(v) Methods
(vi) Rules

Choose the correct alternative: A). (ii), (iii), (v) and (vi) B). (ii), (iv), (v) and (vi) C). (iii), (iv), (v) and (vi) D). (i), (ii), (iii) and (iv)

Edvaya · Accepted Answer

The correct answer is (ii), (iv), (v) and (vi). **Option: (ii) Policies, (iv) Procedures, (v) Methods, (vi) Rules** are Standing Plans.

**Standing Plans** are used repeatedly over time and provide guidelines for recurring situations. They include: **Objectives, Strategies, Policies, Procedures, Methods, and Rules**.

**Single-use Plans** are created for specific, one-time situations. They include: **Budgets and Programmes**.

Therefore:
- Budgets (i) → Single-use plan ✗
- Policies (ii) → Standing plan ✓
- Programmes (iii) → Single-use plan ✗
- Procedures (iv) → Standing plan ✓
- Methods (v) → Standing plan ✓
- Rules (vi) → Standing plan ✓

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Business Studies > Principles And Functions Of Management > Planning

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