Which of the following is an example of a policy?
A) Diversify product line to appeal to more people.
B) Increase sales by 10% over last year.
C) Pay highest salaries to keep high quality employees.
D) Develop and sell quality appliances worldwide.
E) Diversify from retailing into delivery.

Question

Quizplus · Accepted Answer

A policy is a guiding principle used to set direction in an organization. "Pay highest salaries to keep high quality employees" is a policy as it provides a guiding principle for compensation strategy.

Which of the Following Is an Example of a Policy