English

Distinguish between policy and rule. - Commerce

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Question

Distinguish between policy and rule.

Distinguish Between
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Solution

Basis of Distinction Policy Rule
1. Meaning A broad plan laying down the limits within which discretion can be exercised in decision-making A specific plan indicating what is to be done or not to be done in a given situation
2. Nature A general statement A specific statement
3. Purpose To guide decision-making To guide behaviour and ensure discipline
4. Flexibility Flexible-provides scope for discretion and judgement Rigid-leaves no scope for discretion and judgement
5. Penalty Penalty for violation not specified Penalty for violation is generally specified
6. Source Based on objectives Based on policies and procedures
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Chapter 8: Planning - QUESTION BANK [Page 226]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 8 Planning
QUESTION BANK | Q 7. | Page 226
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