Question

What are policies in management?

a.

Decisions made by top management

b.

Broad objectives towards which resources will be applied

c.

Statements of intention towards achieving specific goals

d.

Guidance for decision makers

Answer: (b).Broad objectives towards which resources will be applied Explanation:Policies are statements of intention, declarations of broad objectives towards which resources will be applied.

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Q. What are policies in management?

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