Standing Use Plans-Policies, Procedures & Methods

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  • Q1

    Originated policy is

    Marks:1
    Answer:

    Generally put in writing.

    Explanation:

    Originated policy is deliberately formed to guide decision making at lower levels and is generally put in writing.

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  • Q2

    More than one departments are involved in

    Marks:1
    Answer:

    Procedures.

    Explanation:

    Methods involve only one department whereas procedures involve more than one department. Procedures have wider scope.

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  • Q3

    Manner and sequence of performing a particular job is

    Marks:1
    Answer:

    Method.

    Explanation:

    Method is the manner and sequence of performing a particular job. It represents best way of doing a job.

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  • Q4

    Budget is

    Marks:1
    Answer:

    Single use plan.

    Explanation:

    Budget is a single use plan as after every use it has to be reformulated.

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  • Q5

    Acon Ltd. has the policy that all the employees of finance department shall report to CFO directly. This is an example of

    Marks:1
    Answer:

    Implied policy.

    Explanation:

    Implied policy is the policy inferred from the decisions of managers and is not in writing. The policy of reporting to CFO directly in a company is an implied policy.

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