In the Context of Operational Plans, Which of the Following

question 101

Multiple Choice

In the context of operational plans, which of the following is a difference between policies and procedures?

• A) Policies are single-use plans, whereas procedures are standing plans.
• B) Policies are plans that cover one-time-only events, whereas procedures are plans that can be used for recurring events.
• C) Policies indicate the general course of action that managers should take in response to a particular event, whereas procedures indicate the specific steps that managers should take in response to a particular event.
• D) Policies are strategic plans that are developed and carried out by the lower-level managers of a company, whereas procedures are tactical plans that are developed and carried out by the middle management of a company.

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Definitions:

Electricity

A form of energy resulting from the existence of charged particles, used as a power source.

Variable Component

Denotes a part of a cost or expense that varies directly with the level of activity or output.

Mixed Cost

A cost that contains both variable and fixed cost elements, changing with the level of production or sales but not in direct proportion.

Electrical Cost

The expense associated with the consumption of electrical energy or the cost related to electrical work in construction or maintenance.