Types of plans

Correct answer: A. Policy

It gives general guidance for purchase decisions so it is a policy. In exams the word preference may indicate policy.

Correct answer: B. Budget

A budget is a plan expressed in numerical terms, showing expected income, expenditure, production, sales, or resources required. Therefore, budget is the correct answer. A rule states what must or must not be done, while a procedure gives the sequence of steps for performing a task. Exam tip: If a plan contains figures, costs, or estimated resources, identify it as a budget.

Correct answer: C. Procedure

The direct answer is C: procedure. A procedure gives the ordered steps for carrying out an activity. A fire-safety drill may include raising the alarm, stopping work, leaving through the marked route, assembling at the safe point, taking attendance and reporting missing persons. Because the drill is described as stepwise, employees are being told the sequence to follow. Option C is correct. Option A, strategy, is a broad approach for dealing with a major situation and does not necessarily list operational steps. Option B, policy, is a general guideline, such as maintaining a safe workplace; it is not the detailed order of the drill. Option D, objective, is the result to be achieved, such as teaching safe evacuation or reducing injury, not the steps themselves. The words “stepwise,” “first,” “next,” and “finally” are strong clues for procedure. Remember: a procedure turns a general safety intention into an ordered action plan.

Correct answer: B. Procedure

A procedure states fixed steps for routine work. In exams cash closing steps indicate procedure.

Correct answer: C. Standing plan

A standing plan is made for recurring situations. In exams recurring situation means standing plan.

Correct answer: D. Single use plan

A single use plan is made for a special project and ends after completion. In exams a plan ending after project completion is single use.

Correct answer: A. Objective

A target with number and period is an objective. In exams target with number and time is objective.

Correct answer: B. Procedure

A procedure gives the order of related tasks. In exams registration to consultation sequence is procedure.

Correct answer: C. Rule

It is a clear prohibition with no discretion so it is a rule. In exams safety compulsion indicates rule.

Correct answer: D. Method

A recipe gives a specific method of doing a task. In exams a standard way of doing a task is method.

Correct answer: A. Programme

A programme coordinates resources time and activities. In exams combined activities with schedule indicate programme.

Correct answer: B. Budget

A numerical estimate of cash receipts and payments is a budget. In exams cash estimates indicate budget.

Correct answer: C. Policy

It guides customer service decisions so it is a policy. In exams return and replacement guidance points to policy.

Correct answer: D. Procedure

It states the order of task steps so it is a procedure. In exams before and after sequence points to procedure.

Correct answer: A. Policy

It states the basis for scholarship decisions so it is a policy. In exams eligibility guidance means policy.

Correct answer: B. Strategy

Broad direction for a foreign market is strategy. In exams price distribution and promotion combined at broad level indicate strategy.

Correct answer: C. Procedure

The ordered process of leave application is a procedure. In exams fixed administrative steps indicate procedure.

Correct answer: D. Objective

The direct answer is D, Objective. An objective states exactly what an organisation wants to achieve. Here, reducing production cost per unit by 8 percent is a definite, measurable result; the percentage makes achievement easy to check. A budget is a numerical financial plan showing expected income, spending, or resource use, so it is not the target itself. A policy is a general guideline for decisions and does not normally state one exact percentage result. A rule is a compulsory instruction about what must or must not be done, not a performance target. Objective is correct because it expresses the desired end result in measurable terms. Remember: when a question gives a target such as a percentage, amount, quantity, or deadline, first consider “objective.”

Correct answer: A. Budget

Fixing expense limits in numerical terms is a budget. In exams department expense limits indicate budget.

Correct answer: B. Method

Method states technique while procedure states sequence. In exams remember the difference between technique and sequence.

Correct answer: C. Rule

A clear and strict prohibition on taking confidential office files home is a rule. Rules state specifically what employees must do or must not do. A policy provides broad guidance, whereas a budget deals with estimated income and expenditure. Exam tip: phrases such as “strictly prohibited”, “must”, and “must not” usually indicate a rule.

Correct answer: B. Objective

An objective is a definite and measurable target. In exams identify a target with percentage or number as objective.

Correct answer: D. Policy

Policy gives general direction for decision making. In exams choose policy when guidance with discretion is given.

Correct answer: C. Procedure

Procedure states the fixed order of activities. In exams a series of steps usually indicates procedure.

Correct answer: A. Method

Method tells the prescribed way of doing one task. In exams the word technique is a clue for method.