Final answer:
Single-use plans are designed to achieve specific objectives and are used once, while standing-use plans are ongoing plans used repeatedly over time.
Step-by-step explanation:
Single-use plans and standing-use plans are both types of budgeting and planning tools used in business.
Single-use plans are designed to be used once to achieve a specific objective, such as a marketing campaign or a project. Once the objective is accomplished, the plan is no longer needed. Examples of single-use plans include annual budgets, project plans, and marketing plans for specific product launches.
On the other hand, standing-use plans are ongoing plans that are used repeatedly over time. These plans are typically used to guide ongoing business operations or to address recurring issues. Examples of standing-use plans include strategic plans, operational budgets, and long-term maintenance plans.