Which of the following are the types of plan?
(A) Rule
(B) Policy
(C) Strategy
(D) Vision
Choose the correct answer from the options given below:
Which of the following are the types of plan?
(A) Rule
(B) Policy
(C) Strategy
(D) Vision
Choose the correct answer from the options given below:
Solution
Option 1 -> Rule, Policy, and Strategy are recognized types of plans in management; Vision is not classified as a type of plan.
Option 2 -> Includes Vision which is not a type of plan but rather a future-oriented statement; excludes Strategy which is a valid plan type.
Option 3 -> Incorrectly includes Vision as a type of plan; Vision guides planning but is not itself a plan type.
Option 4 -> Excludes Policy which is a fundamental type of plan, and incorrectly includes Vision.
Hence, Option 1: (A), (B) and (C) only -> Rule (specific directives), Policy (general guidelines), and Strategy (comprehensive action plans) are all established types of plans in management literature. Vision, while important for organizational direction, is a statement of aspiration rather than a type of plan itself. -> correct
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