An employee attaches tickets and then takes manager approval before submitting travel bill. What is this?
Answer and explanation
Correct answer: Procedure
The correct answer is procedure because the question specifies a fixed sequence of actions: attach tickets, obtain the manager’s approval, and then submit the bill. A policy gives broad guidance for decision-making, not step-by-step instructions. An objective states an intended result, while a budget is a financial statement of expected income and expenditure. Exam tip: A stated sequence of steps usually indicates a procedure.
Frequently asked questions
What is the correct answer to this question?
Procedure
Why is this the correct answer?
The correct answer is procedure because the question specifies a fixed sequence of actions: attach tickets, obtain the manager’s approval, and then submit the bill. A policy gives broad guidance for decision-making, not step-by-step instructions. An objective states an intended result, while a budget is a financial statement of expected income and expenditure. Exam tip: A stated sequence of steps usually indicates a procedure.
Which subject and chapter does this question cover?
This is a Class 12 Business Studies question. Chapter: Planning. Topic: Types of plans.
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