English

Distinguish between the following: Policy and Procedure - Commerce

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Question

Distinguish between the following:

Policy and Procedure

Distinguish Between
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Solution

No. Policies Procedures
1. General guides to thinking and decision-making. Operational guides to action.
2. Expressions of management's attitude towards certain issues. Systematic ways of handling routine events.
3. Leave room for executive discretion and judgement-flexible. Leave little room for reflection and deviation-rigid.
4. Lay down broad area. Provide route through the area.
5. Provide bridge between purpose and performance. Provide bridge between activities and outcomes.
6. Provide norms for thinking and discretion. Broad, general and flexible. Detailed and rigid. More specific. Provide manner of doing something.
7. Form part of strategies. Serve as tactical and operational tools.
8. Formulated mainly by top management. Laid down at middle and lower levels.
9. Derived from objectives of the organisation. Specifiy chronological sequence of steps. Derived from policies.
10. Expressed in the form of general statement. Expressed in more specific terms.
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Chapter 8: Planning - EXERCISES [Page 225]

APPEARS IN

C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 8 Planning
EXERCISES | Q 8. (b) | Page 225
C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 8 Planning
QUESTION BANK | Q 6. | Page 226
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