GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The benefits of having policies to guide decisions is that
A
there will never be problems
B
decisions will be consistent
C
managers will not have to involve employees in decisions
D
none of the responses
Explanation: 

Detailed explanation-1: -Benefits of Policies Helping staff to make decisions more efficiently . Providing instruction on how to do tasks. Creating confidence and reduce bias in decision-making. Protecting staff from acting in a manner that might endanger their employment.

Detailed explanation-2: -Policies help to manage legal risk and allow you to outline the benefits and opportunities your company provides to its workers – this helps to improve workforce morale, worker retention and job satisfaction.

Detailed explanation-3: -Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making.

Detailed explanation-4: -The main purpose of policies is to ensure that there is no deviation from the planned course of action. The framework is set within which everybody is expected to work. Policies ensure that the broad guides for action are adhered to.

There is 1 question to complete.