Question

Match the type of plan given in Column-I with its meaning in Column-II :

Choose the correct alternative from the following :

• A. a-(ii), b-(iv), c-(i), d-(iii)
• B. a-(iv), b-(ii), c-(i), d-(iii)
• C. a-(iv), b-(ii), c-(iii), d-(i)
• D. a-(iv), b-(i), c-(ii), d-(iii)

Hint:

Policy = General Guide.
Strategy = Comprehensive/Competitive Plan.
Method = Single step execution.
Programme = Detailed project roadmap.

Answer 1

The Correct Option is B

Concept:

• Plans can be classified into several types based on what they set out to achieve and their scope.

• These include Objectives, Strategy, Policy, Procedure, Method, Rule, Programme, and Budget.
Step 1: Define Policy (a)
A Policy is a general statement that provides guidelines for thinking and decision-making. It channelises the energies of the staff toward a specific direction. For example, a "No Credit Sale" policy.
Therefore, a matches with (iv).

Step 2: Define Programme (b)
A Programme is a detailed statement about a project which outlines the objectives, policies, procedures, rules, tasks, and resources required to implement any course of action. It is a mix of various plans.
Therefore, b matches with (ii).

Step 3: Define Method (c)
A Method provides the prescribed way or manner in which a specific task has to be performed. It deals with a single step of a procedure and specifies how that step should be completed efficiently.
Therefore, c matches with (i).

Step 4: Define Strategy (d)
A Strategy is a comprehensive plan for accomplishing an organization's goals. It involves determining long-term objectives and adopting a specific course of action while considering the business environment.
Therefore, d matches with (iii).