Lee, the chief financial officer of a bank, prepares a plan with a detailed estimate of the company's fixed long-term expenditures. This plan will be presented at the Annual General Meeting every year. In this scenario, Lee has most likely prepared a _____. Group of answer choices impromptu plan standing plan tactical plan single-use plan

1 answer
Question:

Lee, the chief financial officer of a bank, prepares a plan with a detailed estimate of the company's fixed long-term expenditures. This plan will be presented at the Annual General Meeting every year. In this scenario, Lee has most likely prepared a _____. Group of answer choices impromptu plan standing plan tactical plan single-use plan

Answers

Answer: Standing Plan.Explanation: Lee, as described in the question has prepared a standing plan to tackle expenditures at his firm. A standing plan is a plan which serves as a point of reference when the need arises for decisions to be made in areas related to the plan, this ensures the activities of a company runs smoothly.

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