Which of the following statements is/are true? I. Standing plans are developed for activities that do not recur regularly over a period of time. II. A policy is a standing plan that specifies the broad parameters within which organization members are expected to operate in pursuit of organization’s goals. III. Rules are one of the standing plans that spell out specific actions that must be taken or not taken in a given situation.
[A] Only (I) above
[B] Only (II) above
[C] Both (I) and (II) above
[D] Both (II) and (III) above
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