Question
A plan that provides long-term, repetitive guidance for
recurring activities and decisions within an organization is known as _____Solution
Standing plans are those plan which is used again and again whenever a particular situation arises. It is designed to make sure that the internal operations of an enterprise run smoothly. These plans are developed once but are designed to be used over the years. Examples include strategy, policies and objectives. Single-use plans are made to serve a specific objective. They cease to exist once such an objective is achieved. For example, a budget that is relevant for a year or project.
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