An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as objectives). Although there are many specific types of operational plans, they can be broadly characterized as either single-use plans or standing plans. A is designed to be used once, while a is designed to be used repeatedly. For each of the following examples, identify whether it reflects a single-use plan or a standing plan
The plan to merge Bank of America with Merrill Lynch:
A) Single use plan
B) Standing plan
Company guidelines that require employees to wear suits and ties (professional business attire) when interacting with customers:
A) Single use plan
B) Standing plan