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

Answer 1

Answer: Standing Plan.

Step-by-step 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.