2. Which of the following is not a recognized type of plan ?
(a) Business
(b) Financial
(c) Ad hoc
(d) None of the above
3. When should the BCP be reviewed ?
(a) Whenever encountering a disaster
(b) At least annually or whenever significant changes occur
(c) Whenever the company gets audited
(d) None of the above
4. What are the means by which long term objectives will be achieved ?
(a) Strategies
(b) Policies
(c) Strength
(d) Opportunities
Answers
Answer:
Ad hoc
At least annually or whenever significant changes occur
Strategies
Explanation:
Ad hoc refers to something that is not planned so it is not recognized as a plan.
Business plan is created before starting a business, it is an initial step to start any business
Financial plan is related to how much finances we have to incur for starting a business.The act of thoroughly analysing your financial condition and creating a customised financial plan to achieve your objectives is known as financial planning. As a result, financial planning frequently covers a wide range of financial topics, including insurance, investing, taxes, savings, retirement, and more.
Long-term goals will be accomplished through the use of strategies. Geographical expansion, diversification, acquisition, product development, market penetration, retrenchment, divestiture, liquidation, and joint ventures are a few examples of business strategy.
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Concept introduction:
The strategic, tactical, and operational plan types can all be used by managers to assist them accomplish the objectives of their organizations. Operational plans help tactical plans get accomplished, which helps strategic plans get accomplished. Managers should create a backup plan in addition to these three different kinds of strategies in case their primary ones don't work out.
Explanation:
We have to answer the following question.
Some question related business has been given to us.
Ad hoc
At least annually or whenever significant changes occur
Strategies
Ad hoc describes an action that is not preplanned and is not thought of as a plan.
Before launching a business, a business plan is produced; this is the first stage in starting any firm.
How much money we need to start a firm will depend on our financial strategy.
Financial planning is the process of carefully examining your financial situation and developing a personalized financial strategy to accomplish your goals. As a result, a variety of financial themes, such as insurance, investment, taxes, savings, retirement, and more, are typically included in financial planning.
Final answer:
So, we have written the final answers of those question related to business and this are our final answers also.
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