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Small Limited prepares budget for its An...

Small Limited prepares budget for its Annual General Meeting for Financial Year `2019-20`. Is it a single use paln or a standing plan ? Give the reasons.

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Ministry Draws up Plan to Turn Around SEB's by 2008 To give a boost to the financial health of state electricity boards (SEBS), the power ministry has outlined an 11-point agenda to initiate their financial turnaround by 2007-08. Suggestions include changes= in the way distribution utilities submit tariff fixation petitions to the regulators and introduction of the concept of a proper timebound business plan. The ministry has asked all utilities to adopt a multi-year tariff approach while filing the next tariff petition for 2007-08 before the state regulator. This must be undertaken before December 2006. It has also asked utilities to have a state approved business plan with identifiable goals for a three, six and twelve month period. Also, approval needs to be sought from the state regulator for automatic tariff adjustment to recover additional fuel and other unanticipated costs. Identify one Limitation of planning involved in this case

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Mr. Mohan, Financial manager to ABC Ltd., has prepared the annual statement of proposed expenditure to be presented in the Annual General Meeting. Identify the type of plan formulated by the financial manager.

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