What is the primary difference between a policy and a procedure?
A) A policy focuses on the organization as a whole, but a procedure focuses only on a single department.
B) A policy sets a broad guideline, but a procedure defines precise actions to be taken.
C) A policy is a single-use plan, but a procedure is a standing plan.
D) A policy identifies short-term directions for the organization, but a procedure identifies long-term directions.
E) A policy guides fair employment, but a procedure guides ethical principles.
Correct Answer:
Verified
Q83: A fixed budget:
A) allocates a stated amount
Q84: _ is the process of predicting what
Q85: _ identifies alternative courses of action to
Q86: Which of the following types of budgets
Q87: _ is the use of external and
Q89: Morrison Manufacturing (MM) creates a budget for
Q90: Riveras, a chain of discount stores, utilized
Q91: Qualitative forecasting uses _ to predict future
Q92: _ involves identifying several possible future situations
Q93: _ are single-use plans that commit resources
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