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Question

They provide a basis for interpreting strategy, which is usually stated in general terms.


A

Policies

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B

Objectives

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C

Programmes

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D

Procedures

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Solution

The correct option is A

Policies


Answer (a) Policies

Explanation: Policies characterise the spheres or scope inside which choices can be taken by the subordinates in an organisation. Business policies are the rules created by an organisation to administer its activities. They characterise the cutoff points inside which decisions should be made.


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