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

Question

Quizplus · Accepted Answer

Floyd has prepared a standing plan, which is a type of plan that is used repeatedly for handling recurring events or situations. The pricing estimate is a standard procedure that the company follows for calculating CIF and FOB rates every time they receive an export order. A standing plan helps in ensuring consistency and efficiency in decision-making and problem-solving.

Floyd, the Chief Finance Officer of a Company That Sells