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Which of the following is a statement that spells out what should or should not be done in a particular situation?

(a)

Rule

(b)

Policy

(c)

Budget

(d)

Procedure

(e)

Norm.

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/05/07

Thanks for inviting me dear Mr. Vinod Jetley and my opinion is;

Rules are statements which describe our behavior within some organization or society.

Procedure ... agree, but it is also more an description how things has to be done and in some situation very specific and precise.

Policy .... agree!

Budget is an statement which contains very clear how much of any resources could be taken for any action in an certainly period, money, HR, or other material resources

Norms are standards which has to be achieved within a group/department/company/society or even one single part.

IMTIAZUR RAHMAN
by IMTIAZUR RAHMAN , Administration And Customer Care Officer , Amira Enterprises (Importers, Marketing & Retail Sales), Mississauga, Ontario

Rule is a statement that tells you what is or is not allowed in a particular situation, etc. I would therefore go with (a) as the correct answer.

 

Thanks for invitation

Agree with the majority

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

(a)

(a) Rules are statements of actions that must be taken or not taken in a given situation.

·         A procedure is a series of interrelated sequential steps that can be used to respond to a          well-structured   problem.

·         A policy is defined as a general guideline for taking an action.

·              A budget is a statement that outlines the expected results of a given future period in numerical terms.  Norms are standards set by a group that regulate and foster uniformity in member behaviors.

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