Which of the following is not a standing plan?

Option 1 -> Policies are general guidelines that guide decision-making and are used repeatedly for similar situations, making them standing plans.

Option 2 -> Procedures are standardized sequences of steps followed for routine activities and are used continuously, making them standing plans.

Option 3 -> Budgets are financial plans prepared for a specific time period and are not reused once that period ends, making them single-use plans.

Option 4 -> Methods are prescribed ways of performing specific tasks that are applied repeatedly, making them standing plans.

Hence, Option 3 (Budgets) -> Budgets are single-use plans designed for a specific time period (typically one year) with defined financial allocations. Once the period expires, a new budget must be created. Unlike standing plans which handle recurring situations, budgets are not ongoing or reusable -> correct