Question

Floyd, the chief finance officer of a company that sells rubber sheets, prepares an estimate that helps in calculating the rates of Cost, Insurance and Freight (CIF) and Free on Board (FOB) contracts. This pricing estimate is used every time the company gets an export order. In this scenario, Floyd has most likely prepared a _____.

a. single-use plan
b. tactical plan
c. standing plan
d. impromptu plan

Answer 1

Floyd has most likely prepared a (C) Standing plan

Step-by-step explanation:

Standing plans are frequently arrangements, strategies, and projects created to guarantee the inside activities of a given business to make sure they are working easily. Standing plans are regularly grown once and afterward changed to suit the business' needs as required. Examples of standing projects include policies for employee interaction, procedures for reporting internal issues in the company, and regulations in terms of what is allowable and what is prohibited in the business.