Question

Lee, the chief financial officer of a bank, prepares a plan with a detailed estimate of the company's fixed long-term expenditures. This plan will be presented at the Annual General Meeting every year. In this scenario, Lee has most likely prepared a _____.

A. impromptu plan
B. standing plan
C. tactical plan
D. single-use plan

Answer 1

Answer:

B. standing plan

Explanation:

A standing plan is a strategy conformed by policies, procedures, and programs in order to keep the business in order, they are usually developed just once but modified later if needed to suit the business' needs.

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