Question

Floyd, the chief financial 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

Answer 1

standing plan

Step-by-step explanation:

Standing plans are business plans that should be used on multiply occasions. Standing plans can be considered guides to carrying out certain routine management activities and decisions. They can be used for long periods like a standard plan for a company or they can be adjusted to serve different business areas but always following a similar guide.