Which of the Following Statements About Standing Plans Is True

question 21

Multiple Choice

Which of the following statements about standing plans is true?

• A) Standing plans are developed to achieve a set of goals that are not likely to be repeated in the future.
• B) Standing plans are ongoing plans that provide guidance for tasks or situations that occur repeatedly within the organization.
• C) Standing plans define company responses to be taken in the case of emergencies, setbacks, or unexpected conditions.
• D) Standing plans are more important than single-use plans in organizations.
• E) Standing plans typically include both programs and projects.

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Definitions:

Franchise

When one business owner sells to another the right to operate the same business in another location, using its name and operating methods.

Business Owner

A business owner is an individual who owns and oversees the operation of a company, making key decisions and assuming the risks associated with the business.

Original Owner

The individual or entity that first held ownership or possession of an asset, property, or business before any transfers or sales.

Venture

A new business endeavor undertaken with risk in hopes of achieving financial gain or other benefits.