1 They are guidelines that help decision makers in all their decision making activities or
Parameters of business operations or the limits set by the organization which help to ensure that stakeholders in the business makes decisions consistently irrespective of who they are or their …with the organization.
2 Policies are defined as long term plans of action which the organization uses to guide its operations with reference to efficiency, effectiveness and long term survival of the business in this context policies define the expected future of the business in relation with the size of the book that marketed position of the business and the identity of the business
Titany answered the question on November 29, 2021 at 12:40