English

Explain the following term with suitable examples: Rule - Commerce

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Question

Explain the following term with suitable examples:

Rule

Explain
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Solution

Rules are explicit directives about what should or shouldn't be done in particular circumstances. Employees are only allowed to choose whether or not to follow the rule. One example of a regulation is “no smoking in the factory.” While procedures handle scenarios involving a series of connected acts, rules deal with specific situations. Rules are long-term strategies.

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Chapter 8: Planning - EXERCISES [Page 225]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 8 Planning
EXERCISES | Q 7. (c) | Page 225
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