Business Studies

Planning

Easy

Which of the following is NOT related to the types of plan?

Policy

Budget

Strategy

Monitoring

✅ Correct Option: 4

Option 1 -> Policy is a standing plan that provides guidelines for decision-making and establishes boundaries for managerial action.

Option 2 -> Budget is a single-use plan that allocates resources and expresses expected results in numerical/financial terms.

Option 3 -> Strategy is a comprehensive plan that outlines the approach to achieve long-term organizational objectives and goals.

Option 4 -> Monitoring is a control function used to track and evaluate performance, not a type of plan itself.

Hence, Option 4: Monitoring -> Monitoring is part of the controlling function of management where performance is tracked and measured against standards. It comes after planning and is used to ensure plans are being executed properly, but it is not itself a type of plan. Policies, budgets, and strategies are all recognized types of plans in management. -> correct

2026: 23 May Shift 2

____________ are general statements that guide thinking or channelise energies towards a particular direction.

2026: 11 May Shift 2

"A plan is drawn with specific goals to be achieved within a specific time frame and managers may not be in a position to change it." What does this infer?

2025: 14 May Shift 1

_______involves setting objectives and developing appropriate courses of action to achieve these objectives.

2025: 27 May Shift 2

Setting objectives for a given time period, formulating various courses of action to achieve them, and then selecting the best possible alternative from among the various courses of action available is known as:

2022: 16 July Shift 2

Identify the step of planning that would also involve organizing for labour and purchase of machinery.

2026: 31 May Shift 1

Arrange the following steps in the planning process in reverse sequence

A. Implementing the plan

B. Selecting an alternative

C. Evaluating alternative courses

D. Developing premises

Choose the correct answer from the options given below:

Which of the following is NOT related to the types of plan?

Solution

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