In business, governance is setting the policies that local residents must follow and the penalties for noncompliance.

Question

Quizplus · Accepted Answer

Governance in business refers to the system and processes by which a company is directed and controlled. It includes setting strategic goals, deciding on management structure, and creating policies and procedures for employees to follow. It is not related to setting policies for local residents.

In Business, Governance Is Setting the Policies That Local Residents