Question

State the type of plan and state whether they are Single use  or Standing plan:
a. A type of plan which serves as a controlling device as well.(budget)
b. A plan based on research and analysis and is concerned  with physical and technical tasks. (Method)

Answer 1

a)This is a single-use plan called budget A budget is a statement of expected results expressed in numerical terms. It is a plan which quantifies future facts and figures.

b) This is a standing plan called method. Methods provide the prescribed manner in which a task has to be performed considering the objective. It may vary from task to task.