In the context of the types of plan, identify the correct statement.
Solution
✅ Correct Option: 1
Option 1 -> Objectives need to be expressed in specific terms - This is correct as objectives should be SMART (Specific, Measurable, Achievable, Relevant, Time-bound) to provide clear direction. Option 2 -> Policy is NOT only for top management guidance - Policies are general statements that guide decision-making at ALL levels of the organization, not just top management. Option 3 -> This describes RULES, not procedures - Procedures are step-by-step sequences of actions to accomplish tasks, while rules specify what must or must not be done. Option 4 -> This describes PROCEDURES, not rules - Rules are specific statements requiring strict compliance with no discretion, while procedures outline the sequence of steps for completing activities. Hence, Option 1 -> Objectives must be expressed in specific, measurable terms to provide clear direction and enable effective planning and control. They serve as the foundation for all other types of plans and need clarity and specificity to guide organizational efforts effectively. -> correct
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