Business Studies

Policy

Q: In policy and rule where is flexibility higher?

In policy Policy gives general guidance so flexibility remains. In exams connect flexibility with policy and rigidity with rule.

Q: Which option gives the correct example of policy and method?

Valuing customer data privacy and technical technique of data backup The first is decision guidance and the second is work technique. In exams separate policy and method by scope.

Q: What is the best reason for treating policy as a standing plan?

It gives guidance repeatedly in recurring decisions Policy is made for recurring decisions. In exams treat repeated use as a clue of standing plan.

Q: If a company says both performance and conduct will be considered in employee promotion what is it?

Policy Performance and conduct criteria for promotion decisions are policy. In exams identify promotion criteria as policy.

Q: Which option correctly shows managerial discretion under policy?

Manager can decide according to situation within set guidance Policy gives limited discretion but also keeps direction. In exams treat discretion within limits as a policy feature.

नीति

In Class 12 Business Studies, this topic explains policy as a key type of standing plan within the chapter Planning. Students learn how policies provide broad guidelines for managerial thinking and decision-making while leaving room for judgment in different situations. The topic also helps distinguish policies from more specific plans such as procedures and rules, and shows how clear policies promote consistency, coordination and effective implementation of organisational objectives.