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The type of plan considered as a guide to decision-making in repetitive situations is called ______. - Commerce

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Question

The type of plan considered as a guide to decision-making in repetitive situations is called ______.

Options

  • Policy

  • Rule

  • Programme

  • Strategy

MCQ
Fill in the Blanks

Solution

The type of plan considered as a guide to decision-making in repetitive situations is called Policy.

Explanation:

A policy is a broad declaration that governs decision-making. Policies determine the parameters within which decisions can be made and lead decisions towards the achievement of goals. It is a standard response to reoccurring problems of the same sort.

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