Match List-I with List-II

List-I	List-II
Type of Plan	Description
(A) Strategy	(I) It is a statement of expected results expressed in numerical terms.
(B) Policy	(II) It is a general statement that guides thinking or channelizes energies.
(C) Rule	(III) It provides the broad contours of an organisation's business.
(D) Budget	(IV) It is a specific statement that tells what is to be done.

Choose the correct answer from the options given below:

Option 1 -> Strategy as numerical results and Budget as specific statements doesn't align with management definitions.

Option 2 -> Strategy provides broad business contours, Policy guides thinking, Rule is specific statement, Budget expresses numerical results - all definitions align correctly.

Option 3 -> Strategy as numerical results is incorrect; Strategy deals with overall direction, not numbers.

Option 4 -> Policy as specific statement is wrong; Policies are general guidelines, not specific directives.

Hence, Option 2: (A) - (III), (B) - (II), (C) - (IV), (D) - (I) -> Strategy (A) defines the broad contours and overall direction of an organization's business (III). Policy (B) is a general statement that guides thinking and channelizes organizational energies (II). Rule (C) is a specific, mandatory statement that tells exactly what is to be done or not done (IV). Budget (D) is a statement of expected results expressed in numerical/quantitative terms like money, units, or hours (I). -> correct